Waterland hires Quarton for Zentrum Gesundheit exit

The sale process of the ophthalmic surgery and diagnostic centres company has attracted private equity buyers and is in an advanced stage, the sources added.

The company generates almost €7m in EBITDA, according to the first source.

Annual revenue at the target is around €15m, the Waterland website shows. Zentrum Gesundheit completes around 115,000 diagnoses and 17,000 operations annually.

PE has been busy getting into the fragmented German outpatient clinics market. Nordic Capital acquired ophthalmology chain Ober Scharrer a year ago. Sponsors Palamon Capital Partners and Adams Street Partners, as well as Dutch pension fund PGGM, made an unspecified investment in the company last month.

Montagu Private Equity bought corrective eye surgery provider Artemis in 2015. Sponsors were looking to take over German radiology group Med 360 Grad but lost out to Philips last year.

Quadriga is contemplating selling Eichenseer, a German group of dental clinics, as reported by Mergermarket.

Waterland has also hired Quarton to oversee a process to sell fertility clinics group VivaNeo, as reported.

Both Quarton and Waterland declined to comment, including on the financials of Zentrum Gesundheit.

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• Topics
• Exits
• Buyouts
• Healthcare
• DACH
• Waterland Private Equity
• Montagu Private Equity
• Nordic Capital
• Palamon Capital Partners