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Kyivstar to Expand Digital Healthcare Offering in Ukraine with Tabletki.ua Acquisition
Globenewswire· 2026-02-10 15:30
Core Viewpoint - Kyivstar Group Ltd. has acquired 100% of Tabletki.ua for USD 160 million, enhancing its digital services portfolio in Ukraine's healthcare sector [1][2][3] Group 1: Acquisition Details - The acquisition was completed with a total consideration of USD 160 million, to be paid in Ukrainian hryvna [1] - Tabletki.ua is a leading digital marketplace in Ukraine for healthcare products, partnering with over 14,000 pharmacies [2][3] - The gross merchandise value (GMV) of bookings through Tabletki.ua was UAH 45 billion (USD 1,056 million) for FY2024 and UAH 57.3 billion (USD 1,191 million) for the last 12 months ending September 30, 2025 [3] Group 2: Financial Performance - Tabletki.ua generated LTM EBITDA of USD 24 million and LTM net profit of USD 20 million as of September 30, 2025 [4] - The acquisition price corresponds to a price to LTM earnings (PE) ratio of 8.0X [4] Group 3: Strategic Rationale - The acquisition aims to expand digital healthcare services to a wider customer base, leveraging Kyivstar's experience in digital business [3] - Kyivstar's portfolio includes various digital services such as the Helsi healthcare platform, Uklon ride-hailing, and Kyivstar TV [2] Group 4: Future Investments - Kyivstar, in partnership with VEON, plans to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure and technological development [6]