Global private equity firm Advent International and London-based real estate private equity investor, the Marcol Group, have jointly acquired MEDIAN, an independent rehabilitation care provider in Germany for an undisclosed sum.
Founders Dr. Erich Marx and Axel Steinwarz sold their stakes in the company and are said to be pleased with the new owners.
With 27 clinics in operation, across 19 locations in Germany, Berlin-headquartered MEDIAN owns and operates rehabilitation and acute clinics across the country.
Managing partner in Advent International’s Frankfurt office, Ralf Huep said: “MEDIAN is well positioned in terms of its geographic presence and treatment focus. As the German rehabilitiation market is highly fragmented, there will be excellent opportunities to explore add-on acquisitions which will strengthen MEDIAN’s position in Germany.”
The Marcol Group is a pan-European investor and has interests in care homes, hotels, shopping centres, offices and finance.