ROMA (ITALPRESS) – “In the future, in the medium long term, the San Donato group will look at the Ipo in Piazza Affari or looking for a shareholder”. So Kamel Ghribi, entrepreneur and manager of naturalized Tunisian origin Swiss, very active between Europe, Middle East and Africa, interviewed by the “Sun 24 Hours”. In the San Donato Ghribi Group he served as vice president, as well as being president of GKSD Investment Holding and advisor of the Rotelli family, shareholder of the group. Regarding the evolution of the turnover of the San Donato group, also in the light of the macro context and the dynamics of the health sector, for Ghribi “from 2022 onwards, the trajectory of growth is clear: the Ebitda passes from 155 million to more than 380 million in 2025 on a total debt of 1.5 billion, recently refinanced, while the revenues that in 2022 were for 1.88 billion, in 2025 exceeded 2. Italy generated 2.19 billion turnover, while Poland (where Scanmed, Ndr) 530 million was acquired in 2024. In relation to the Ebitda, for a total of 380 million, approximately 282 million were born in Italy and 98 million in Poland”. The ambition in 2026 is “a turnover raised at 2.9 billion. They are expected from the next years dividends for members”. These numbers show that “we are in line with the expectations of the business plan presented to the market. The group has strengthened the positioning and has completed a leap of scale that is not only quantitative, but strategic. The real acceleration came when we stopped thinking about the San Donato group just like an Italian group and started thinking about it as an exportable model.” In 2025 the San Donato Group completed an important refinancing operation, what were the strategic objectives? “The transaction from around €1.5 billion realized by the San Donato Group in October 2025 has had as its objectives the refinancing of existing debt and the support for recapitalisation operations, supported by a solid real estate portfolio estimated over €2 billion, as well as the high credit quality of the business. A share of the resources collected was in fact destined to repayment of previous liabilities, while another part was reserved to support organic investments and the development of health infrastructure. The operation has increased financial flexibility, creating conditions to seize growth opportunities, even for external lines. In perspective, the strategy is oriented to support and consolidate the leadership of the group, both nationally and internationally. At home through the strengthening of existing structures and the evaluation of any opportunities that might arise. On the international level through cross-border expansion limited to pure capital light operations. With regard to the reduction of the financial lever, we do not exclude the possibility of carrying out operations capable of producing a robust derisking of debt”. “The real acceleration came when we stopped thinking only as an Italian group and started thinking it as an exportable model,” said the Tunisian entrepreneur interviewed by the daily “Milano Finanza”. Since 2022, marrying this push towards abroad, the revenues of society, which has the heart in Milan with San Raffaele, have passed from 1.8 billion to 2.7 billion of 2025, as Paolo Rotelli himself anticipated. As well as the ebitda, remembers the daily, which practically doubled over 350 million. The acquisitions made in Poland by the San Donato Group from 2023 with the American Heart of Poland and then the Scanmed centers, followed the expansion in Iraq, Egypt, Saudi Arabia, Albania, Libya and Syria. In Iraq, for example, Ghribi obtained from the local government the management of two hospitals, in Najaf and in Bassora and isbuilding another in Baghdad. From next year San Donato will also manage the new Heliopolis hospital in Egypt at Kamel Ghribi Cairo, while in Libya, last January, Ghribi signed a 2 billion agreement for a series of interventions in hospitals and for the construction of a plant to transform waste into energy. And today, alongside investments with the Rotelli family, from Lugano manages its network of companies ranging from the real estate sector to that of communication from import-export to consulting, held together with the parent company Gk Investment Holding. For a heritage that, only by adding the share capital and the assets of the investments, comes to several tens of millions. The three great pillars of Ghribi, held together by a consideration, always made by the entrepreneur: “We live in a world where great challenges cannot be faced only by states. Businesses have a role, a responsibility and, when they are strong enough, also a capacity for action that completes the institutional one.”.
– Photo Ipa Agency – (ITALPRESS).
