Levine Leichtman sells stake in ZorgDomein

Rabobank will own a 34% stake in the company following the transaction. The firm is investing via its Corporate Investments arm, according to a statement.

A report from Dutch publication Het Financieele Dagblad stated that Dutch health insurers had also considered acquiring a stake in the business, but that no deal was reached.

Levine Leichtman said in a statement that the GP supported ZorgDomein's growth during the investment period via investment in new product areas such as data analytics and consumer-facing initiatives.

Levine Leichtman invested in ZorgDomein in May 2017 via its Europe Fund, which held a final close in March 2015 on €100m. The GP invested in the business alongside its management and a number of founding shareholders.

Company
Founded in 2000 and headquartered in Breukelen, ZorgDomein is a digital platform that manages referrals between GPs and hospitals in the Netherlands. Patients are able to make appointments via the platform, while GPs can make referrals and diagnostic requests. According to its website, ZorgDomein's platform is used by more than 2,700 care providers and 91% of GPs in the Netherlands. The company employs 125 staff, according to LinkedIn.

People
ZorgDomein – Dick Gorris (CEO).
Levine Leichtman Capital Partners – Wouter Snoeijers (managing director).
Rabobank – Michel van Schaik (director of healthcare).

Advisers
Vendor – PwC (corporate finance); NautaDutilh (legal).

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