Waterland-backed Schönes Leben Group buys Compassio

The acquisition of Compassio is the first step in Waterland's new buy-and-build strategy in the retirement care sector.

Compassio operates 28 care homes with 3,058 places for elderly people in southern Germany, and generates revenues of around €110m.

The main focus of the strategy will be on organic growth and new-builds, according to a statement.

Waterland has previous experience of consolidation strategies in the healthcare sector, it created Median Klinik through the acquisition of a division of RHM Group in 2011 and has increased the number of beds from 2,000 to 18,000 since then. In June it added two extra clinics in Bavaria.

Company
Compassio is a private care home operator that offers customers a combination of home care and residential care. It has 28 locations across Bavaria, Baden-Württemberg and Rhineland Palatinate. The central administration is in Ulm and as part of the Scönes Leben Group Compassio expects to substantially expand its service offering in the coming years.

People
Waterland Private Equity – Carsten Rahlfs (partner).
Schönes Leben Group – Marc Hildebrand (CEO).

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