Pia Mater, a social services firm, has been acquired by SAT Heath

March 2023 — The founders of Pia Mater Ltd. have sold the company to SAT Health.

Pia Mater provides social services for elderly people in Bulgaria. The company is the leader in the specialized-at-home care and offers 7 days a week in-home visits for seniors and disabled people, satisfying their essential needs and providing vital companionship and lookovers. With its institutionalized approach Pia Mater responsibly takes care for its clients’ day-to-day needs, including nutrition, medication, cleaning, personal care and shopping.

Headquartered in Bulgaria, SAT Health is a reliable, certified healthcare information and technology provider. The company offers a wide range of solutions for the sector, performing expert healthcare system analysis and providing effective technology solutions. SAT Health’s service portfolio is based on solid data audits and specialized market healthcare research, providing solutions for the entire healthcare industry. It serves pharmaceutical companies, pharmacies, pharma wholesalers, medical and industry associations, and administrative bodies.

Our role in the transaction

Oaklins’ team in Bulgaria acted as lead M&A advisor to the sellers managing the overall sale process, including the go-to-market strategy, the approach and negotiations with potential buyers and the preparation of the due diligence process, and assisted them until closing.

Service

M&A sell-side

Parties

“We extend our gratitude to the Oaklins team, whose commitment and industry knowledge have been instrumental in driving the transaction process from beginning to completion. Their attention to detail and understanding of the business ensured that we are positioned in the best possible way for this next step of our journey. We are excited about the possibilities ahead and look forward to collaborating again with Oaklins in the future.”

Nina Dimitrova

Co-founder and CEO, Pia Mater Ltd.

Talk to the deal team

Ivan Angelov

Associate Director

Sofia, Bulgaria
Oaklins Karoll

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Nasko Jordanov

Principal

Sofia, Bulgaria
Oaklins Karoll

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