Antin Infrastructure Partners, one of Europe’s largest independent infrastructure investment firms, has entered into exclusive negotiations to acquire a majority stake in Almaviva Santé, the fifth largest private hospital group in France, from UI Gestion and Gimv. Yves Journel, the founder of the DomusVi Group, will reinvest alongside Antin through his family holding Sagesse Retraite Santé (“SRS”).
Almaviva Santé is a private health group created in 2007 by its Chief Executive Officer, Bruno Marie. Thanks to an external growth strategy focused on the development of regional clusters of medical excellence, Almaviva has over the past 10 years become a group comprising of 30 private clinics with a strong local presence in the Provence-Alpes-Côte-d’Azur region – where it is the leading private hospital group – and in the Ile-de-France region surrounding Paris, two particularly dynamic regions.
Almaviva stands out in many surgical fields, particularly in orthopedics, ophthalmology, cardiology and urology. The company manages 2,700 beds and available spaces, 190 operating and examination rooms, and employs 3,300 staff and 1,100 private practitioners. Almaviva expects to generate revenues above €300 million in 2017.
The transaction was completed in December 2017.
CASE Corporate Finance acted as sole financial advisor to Antin.