PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/66 - Luz Saúde*C2 Capital Partners / GHB
Acquiring
C2 - Capital Partners, SCR, S.A.
Description
Its main focus is the management of venture capital funds, specialized alternative investment funds, and other funds. MedCapital is a venture capital fund managed by C2 Capital Partners.
Acquired
GHB - Grupo Hospitalar das Beiras, S.A.
Description
It owns the companies Imosaúde das Beiras, Unipessoal Lda. (“Imosaúde I”), Imosaúde das Beiras II, Unipessoal, Lda. (“Imosaúde II”) and HP – Hospital Privado da Covilhã, Unipessoal Lda. (“HPC”). Imosaúde I owns the property where the Hospital Privado das Beiras, in Covilhã, will operate, which is currently under renovation. The company HPC will operate this hospital, scheduled to open in 2026, and currently manages the Covilhã Clinic.
Acquiring
Luz Saúde, S.A.
Description
A public limited company operating in the healthcare sector in the Portuguese market, offering its services through a network of 32 units located in mainland Portugal and the autonomous region of Madeira.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
  • ERS - Health Regulatory Entity
Status
Ongoing
Type of Investigation
AdC’s decision
Case description

The concentration operation consists of the acquisition, by Luz Saúde, S.A. (“Luz Saúde”) of joint control, with C2 MedCapital – Closed Venture Capital Fund (“MedCapital”), managed by C2 – Capital Partners, SCR, S.A (“C2 Capital Partners”), of GHB – Grupo Hospitalar das Beiras, S.A (“GHB”).
Timeline
2025-08-08
Luz Saúde and C2 MedCapital notify the acquisition of joint control over Grupo Hospitalar das Beiras..
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