Health

Summary of European Healthcare M & A – June

Healthcare acquisitions across Europe and beyond became headlines in June

ResMed

Beginning with June’s largest deal, MediFox Dan, a portfolio of private equity house Hg Capital, and a German company for out-of-hospital software solutions agreed to be acquired by ResMed in San Diego, California. -Headquartered medical device supplier, $ 1 billion transaction.

For ResMed, the acquisition of MediFox Dan is a “breakthrough transaction” with opportunities for strategic growth by unlocking “thousands” of providers and “millions” of patients, connected to the cloud. Based on ResMed’s existing business in Germany as a medical device and home care provider. Care services for patients with sleep apnea and other respiratory illnesses.

Houlihan Lokey was Hg’s sell-side advisor. According to Houlihan Lokey, this process has received a great deal of attention from global players, including both strategic players focused on healthcare and technology and financial sponsors of large cap stocks.

The transaction is expected to close in the second half of 2022.

Astorg

Astorg, a private equity firm, has a majority of Avania, a global clinical contract research organization based in the Netherlands that specializes in medical technology, from Kester Capital, a primary buyout company intended to hold a small number of shares. Acquired shares.

The value of the acquisition has not been disclosed. Avania’s EBIDTA costs 10 million euros and has more than 8 offices.

Astorg was advised by Rothschild, BDO, Dentons, Roland Berger and KPMG. Kester was advised by Results International, Osborne Clarke, Nauta Dutil, Smith Anderson, Azisons and BDO.

Humana

Humana, a Swedish care service provider, continues to be highly regarded. In June, we acquired the care company Vintergatan AB in Alingsås, Sweden and the Finnish care company Debora Lapsiperhepalvelut.

Vintergatan AB operates HVBs (Long-term Care or Residential Housing) with 11 apartments for young people aged 18-25 and two supported residential apartments for young people aged 16-20. The company’s annual income is about SEK 14 million and it employs about 20 people.

Debora Lapsiperhepalvelut is a Finnish national care company that serves approximately 300 customers and 12 families and children. Full-year revenue reaches approximately SEK 30 million.

Humana has agreed to acquire all shares of Vintergatan AB and Debora Lapsiperhepalvelut. After the transfer, the two companies will be included in Humana’s personal and family business areas.

Eurofin

Eurofins Scientific, a global lab test service provider, has acquired a majority stake in Riyadh-based food, tobacco and pharmaceutical testing labs, Ajal for Laboratories, from Saudi Arabia.

Ajal for Laboratories reported revenue of € 15 million in 2021.

This is Eurofins’ first acquisition in the Kingdom of Saudi Arabia, building a network of local and regional laboratories to support Middle Eastern customers and the fast-growing food production and biopharmacy sector at KSA. It represents an initiative.

MedLife

In Romania, healthcare services group MedLife has acquired Medicris, A provider of occupational health and related services in Bihor County.

Under this agreement, MedLife is integrating its portfolio of services for patients and subscribers in Bihor County, MedLife said in a statement filed with the Bucharest Stock Exchange. Today, MedLife operates in nearly 700 in-house and partner locations, including more than 230 clinics and hyperclinics.

The financial details of the transaction have not been disclosed.

Medicris has been involved in Oradea’s private healthcare services market for over 20 years, providing outpatient healthcare services such as occupational health, ophthalmology, internal medicine, otolaryngology (otolaryngology) and psychology. We have a portfolio of over 22,000 subscribers.

Earlier this month, MedLife signed an agreement to take over an 80% stake in Timisoara-based Medici’s group.

Demanto

Demant, a global hearing healthcare and technology group headquartered in Denmark, has completed the full acquisition of Sheng Wang, a network of hearing aid clinics in China.

Demanto has taken full ownership of the group and acquired the remaining 80% stake in Sheng Wang. This follows the 20% minority investment announced on March 4th.

Demant paid DKK 1,855 million on a cash and debt-free basis, including the consideration paid for the first 20% minority investment, of which DKK 1,537 million had a cash flow effect in the second half of 2022 and remained. 318 Danish krone will be paid $ 1 million over the next three years. Acquisition funds will be funded through existing cash reserves and already established credit lines.

Afidea Group

In Spain, global diagnostic player Affidea has acquired Valencia’s private healthcare provider, Tecma Clinic. It provides diagnostic imaging, outpatient services, dentistry, and health examinations for driving, firearms, and voyage licenses. With this deal, Affidea has reached 320 centers at the European level. This is the company’s fourth acquisition completed at the European level in 2022 and its third acquisition last year in Spain.

The financial details of the transaction have not been disclosed.

Medicover

After the acquisition of Allenort Kliniki Terapii in Poland and Laurus Medical in Romania last month, Medicover, an international healthcare services group listed in Stockholm, has acquired Mein Dentist, a dental services provider based in Germany. Was announced earlier this month.

According to a press release, Mein Dentist reported revenue of € 31.4 million in 2021. The financial terms of the transaction have not been disclosed.

Triton Partner

Private equity firm Triton Partners has acquired a majority stake in Finnish care service provider Esperi Care through the Triton Smaller Mid Cap Fund II.

The current owners, Danske Bank, SEB and Ilmarinen, will continue to be minority shareholders in partnership with Triton. The financial details of the transaction have not been disclosed.

Founded in 2001, EsperiCare provides elderly care, mental care and disability care. The company operates 112 elderly care facilities, 41 psychiatric facilities and 31 disabled care facilities in Finland. There are about 7,000 customer beds and 200 municipalities are customers. Espericare has approximately 6.400 employees.

Healiva

Healiva, a Swiss start-up developing end-to-end chronic and acute wound therapy, has removed two wound healing cell therapy assets, EpiDex and healiva002, from the global healthcare technology business Smith + Nephew. Obtained at the public amount.

Delta Med

DeltaMed, an Italian medical device supplier, has acquired AdriaMed, a supplier of elastomeric infusion pumps. Adria Med shareholders will reinvest in the group. Francesco Di Florio maintains the position of Chief Executive Officer of Adria Med and is responsible for business development across the international market.

Together, they have revenues of € 45 million, more than 200 employees and five production facilities in northern and central Italy.

Whitebridge Investments, a major shareholder of DeltaMed, holds a majority of the group. Delta Med was backed by legal counsel White & Case. Gatti Pavesi Bianchi Ludovici was responsible for the financial and tributary aspects. Deloitte was responsible not only for taxation, but also for finance and due diligence. Adria Med was supported by Deloitte Legal. Deloitte Tax and Studio Dimaho were in charge of the finances.

Elsewhere, the German-based fertility group Next Fertility is ready to buy two clinics in Spain. Planta Doce. The group said it could use up to € 10 million to complete these purchases, adding that the company expects sales in Spain to increase by 27.8% to € 23 million.

In addition, the London-listed private hospital group MediClinic has rejected a £ 3.4 billion cash offer from its largest shareholder, Remgro, and a consortium of shipping group Mediterranean Shipping Company (MSC). The consortium offered an offer at 463p per share. Mediclinic and Remgro are based in Stellenbosch, South Africa.

Published: June 29, 2022

Summary of European Healthcare M & A – June

Source link Summary of European Healthcare M & A – June

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