Palamon Capital Backs German Health Clinic Operator

Polikum GmbH, a German operator of health clinics, has received an undisclosed amount of growth equity funding from Palamon Capital Partners.

PRESS RELEASE

Palamon Capital Partners (“Palamon”), one of Europe’s leading mid-market private equity firms, has agreed to provide growth capital to Polikum GmbH (“Polikum” or “the Company”), a German operator of health clinics.

Polikum, operating in the growing healthcare sector, provides a broad range of outpatient medical treatments in a cost efficient way. Through the development of a multidisciplinary approach to outpatient care, Polikum’s business model benefits local physicians and feedback from patients consistently demonstrates a high level of satisfaction. The Company currently operates three large health clinics in Berlin and will be opening a number of similar clinics in other major German cities over the next few years.

Polikum was founded in 2004 by Dr Wolfram Otto, a practicing physician, who continues to build the business as CEO and majority owner. Dr Otto is supported by an outstanding team of local physicians, who are focused exclusively on patient care, and a central management team, who focus on developing the business.

Commenting on the transaction, Holger Kleingarn, Partner at Palamon, said: “The outpatient healthcare sector is exceptionally well positioned to control healthcare spending and at the same time provides a high-quality service to patients. Polikum has developed a unique business model to fulfil market and patient needs. It is well positioned to building its position as a leading operator in the outpatient sector in Germany.”

Dr Wolfram Otto, Founder and CEO of Polikum commented: “The opportunity in the outpatient healthcare sector in Germany is significant and we are excited to have attracted Palamon to support the future growth of Polikum. We are very confident that Polikum, in partnership with health insurance firms and physicians alike, will be able to provide an even broader range of support to patients in Berlin and other German cities going forward.”

This transaction marks the twelfth investment of the Firm’s second fund, Palamon European Equity, II, which has over 55% of its €670 million invested. Aligned with its investment thesis in healthcare, the Firm earlier this year concluded an investment in Grupo SAR, one of Spain’s leading providers of care to the elderly.

Polikum GmbH
Polikum was established in 2004 and operates a network of three outpatient health care centres in Berlin, Germany. The Company has developed a unique business model with a multidisciplinary approach to treat statutory patients at a high service level and cost efficiently at the same time. Palamon’s growth capital will fund the roll-out of Polikum into other German cities.

For more information on Polikum go to www.polikum.de

Palamon Capital Partners
Palamon Capital Partners, LP is an independent private equity partnership founded in 1999, which is focused on providing equity for European growth services companies. Palamon, as a pan-European investor, originates, executes and manages investments in the UK, Germany, Italy, Spain, Denmark, Belgium, Sweden or France. The Firm targets investments in companies where it can provide strategic direction and support to help build company value.

The Firm manages Palamon European Equity, L.P. and Palamon European Equity II, L.P., capitalised at €1.1 billion, and making up one of the largest pools of private equity capital dedicated to growth investment opportunities in Europe’s mid market arena. Investors in Palamon funds are based mainly in the US and Europe and are among the most significant investment institutions in the world.

For more information on Palamon refer to www.palamon.com