Waterland’s Atos bolts on Orthoparc

This acquisition will increase Atos's number of beds by 20%, bringing the total to more than 300. The group now consists of four specialist clinics and employs 350 people.

Waterland acquired Atos's former parent Median Kliniken from Advent International and Marcol Healthcare in October 2014 in a deal valued at around €1bn. It then sold the real estate and agreed to lease it back from Medical Properties Trust for €705m. 

Waterland then merged the company with its previous competitor RHM Group, which it had owned since May 2011, to create a new company that operated 72 clinics with 12,000 beds and 9,500 employees.

Atos was formed as a spinout from Median in August 2016. It was the start of a specialised buy-and-build strategy that saw three clinics break away from the main group with plans for further acquisitions. Two of these clinics already operated under the Atos name in Heidelberg and Munich and the third was an orthopaedic clinic in Braunfels.

Previous funding
In December 2016, Atos made its first bolt-on acquisition, buying Munich-based Starmed, a 12-bed clinic that serves privately and publicly insured patients and employs around 50 people.

Company
Founded in Cologne-Junkersdorf in 2011, Orthoparc is a specialist private clinic focused on orthopaedic surgeries. The clinic has almost 50 beds and employs around 100 staff.

People
Atos – Martin von Hummel (managing director).
Orthoparc – Joachim Schmidt (medical director).

Advisers
Equity – Hengeler Mueller (legal); KPMG (tax).

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• Topics
• Portfolio management
• DACH
• Healthcare
• Germany
• Buy-and-build
• Waterland Private Equity
• Build-up