Doughty Hanson to Create Mega Spanish Hospital Group

European buyout house Doughty Hanson is to acquire approximately 40% of Grupo Hospitalario Quirón. The firm has entered into an agreement with the Cordón Muro family for the exchange of their controlling interest in Grupo Hospitalario Quirón into a company through which Doughty Hanson & Co V and the Cordón Muro family will control USP Hospitales and Grupo Hospitalario Quirón.

PRESS RELEASE

Doughty Hanson & Co, one of the largest independent private equity firms in Europe, today announces that Doughty Hanson & Co V has entered into an agreement to acquire approximately 40% of Grupo Hospitalario Quirón and an agreement with the Cordón Muro family for the exchange of their controlling interest in Grupo Hospitalario Quirón into a company through which Doughty Hanson & Co V and the Cordón Muro family will control USP Hospitales and Grupo Hospitalario Quirón, thereby creating one of Spain’s largest private hospital groups.
Closing of the transactions is subject to regulatory approvals.

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Notes to Editors:
Doughty Hanson & Co is one of the largest independent private equity firms in Europe with offices in London, Frankfurt, Luxembourg, Madrid, Milan, Munich, Paris and Stockholm. Since 1985, Doughty Hanson has established a strong track record of buying and developing market-leading businesses in Europe and has undertaken investments with an aggregate acquisition value of €25 billion.