Merito Partners (Merito), in collaboration with industry expert Dins Šmits and Integer Consulting, has established the healthcare services consolidation platform MeDi Group to develop a professionally managed healthcare group and network of clinics across the Baltic region. It is planned that up to EUR 20 million of private investor capital will be invested in the platform. The total investment of MeDi Group in healthcare will be further increased through bank financing or bond issuance for each investment.
MeDi Group is being developed with the objective of building a professionally managed healthcare group by consolidating high-quality clinics offering diagnostic, treatment, rehabilitation, and wellness services.
Mikus Janvars, Co-founder and Managing Partner of Merito: “The establishment of MeDi Group marks Merito’s entry into long-term, evergreen investments in the healthcare sector—one of the most resilient and socially significant sectors in the Baltics. In response to long-term structural trends, including aging of population, historically low healthcare expenditure, and steady market growth, we see substantial development potential and an opportunity for long-term investment. MeDi Group will combine strong governance under the leadership of experienced industry professional Dins Šmits, excellence in medical and patient experience, and local capital, creating a company with significant growth potential and a positive contribution to the sustainability of healthcare.”
To support the development of the healthcare consolidation platform, the investment fund Merito Management Target Fund VI has been established. The initial capital raising phase has been completed, during which 10 private Latvian investors invested in the fund, and further investor onboarding will continue alongside the development of MeDi Group.
“The attraction of Latvian capital and investor confidence ensures sustainable development opportunities for MeDi Group. The first medical facility co-financed by MeDi Group —the ear, nose, and throat clinic LORENT, led by otolaryngologist Dr. med. Rūdolfs Jānis Vīksne—will open in May of this year. Overall, we plan to consolidate up to ten private clinics of various profiles, providing support and financing both for the development of existing private medical institutions and the establishment of new clinics,” says Dins Šmits, Head of MeDi Group.
About Integer Consulting
The sole owner of Integer Consulting, Dins Šmits, is a healthcare industry expert with more than 25 years of management and entrepreneurial experience in the healthcare sector. He is also a co-founder and partner in several high-quality medical institutions, including Prof. Skrides sirds klīnika, Baltijas ķirurģijas centrs, SIA Osteomed, as well as the fintech company bonusukarte.lv.