Transaction Details

July 1, 2016
Munich

Sector

Healthcare

Deal Type

M&A

Deal Value

N/D

Deal Team

Dr Martin Kühner, Dr Michael Hinderer, Dr Georg Schultze, Tobias Levedag, Jan Greim-Kuczewski, David Thomas

GCA Altium advised the Schön Klinik and its shareholders on the sale of a minority stake to an institutional investor

GCA Altium acted as exclusive financial advisor to Schön Klinik SE, one of the largest specialist clinic operators for publicly and privately insured patients in Germany, and its shareholders on the sale of a minority stake to an institutional investor. This marks GCA Altium’s 12th transaction in the healthcare sector since the beginning of 2015.

Schön is one of the most successful specialist clinic operators in Germany with outstanding medical expertise in the areas of psychosomatics, orthopaedics and neurology. Schön’s core value is quality, with a captive quality control system exceeding national and industry standards that is the subject of two Harvard Business School case studies. The Company currently operates 17 clinics in Germany. The Group was founded 30 years ago by the Schön family and has continuously developed with an average growth of 10% p.a. over the last ten years, through organic growth and numerous focused acquisitions. Schön employs 9’400 people across its Group and had revenues of €743m in 2015.

Schön has started internationalization and is planning to open its first international clinic in London in 2017.

Dieter Schön, Managing Director and CEO of Schön, commented: “The integration of an internationally experienced institutional investor facilitates the development of the Schön Klinik towards new growth markets. Our internationalization, the expansion of our digital services as well as further acquisitions are at the core of our plans. This, however, is clearly a minority investment and Schön will remain a family-owned business.”

Dr. Markus Hamm, Managing Director and CFO of Schön, commented: “This transaction comes at the right time, since our new partners are able to support our international expansion plans as well as our further professionalization through their experience.”

This latest transaction sees GCA Altium build on its leading position in the healthcare and hospital sector, having completed twelve transactions since 2015.

Martin Kühner, Managing Director and Head of GCA Altium’s Munich office, commented: “This deal represents a landmark transaction in the German hospital market and GCA Altium was delighted to support the Schön family and Schön Klinik during the process and with the selection of the investor.”

Terms of the transaction were not disclosed and the transaction is subject to the approval of antitrust authorities.

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