Waterland-backed Rehacon bolts on Fysioconcept

The vendor of the company is founder and managing director Jos Beulen, who will continue to manage the company. This is Rehacon's fourth acquisition since Waterland became the majority owner of the group.

Waterland acquired a majority stake in Rehacon, a physiotherapy provider that now operates 120 centres, in January 2019. Capital for the deal was drawn from Waterland Private Equity Fund VII. The group now has more than 800 employees and a turnover of approximately €36m.

The acquisition strengthens Rehacon's regional presence in the Lower Rhine area and expands Rehacon's range of services to include services for top athletes. Following the transaction, Fysioconcept will expand its range of services and enter into additional partnerships with clinics.

Company
Fysioconcept operates four sites in Krefeld and employs 80 people. It treats more than 12,000 inpatients and outpatients per year. Services the company offers include extended outpatient physiotherapy, therapeutic exercises, lymphatic drainage, medical fitness training, ergotherapy, osteopathy and manual, neurological and physical therapy.

People
Waterland – Carsten Rahlfs (partner).
Rehacon – Michael Reeder (founder, managing director).
Fysioconcept – Jos Beulen (founder, managing director).

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• Topics
• Expansion
• DACH
• Healthcare
• healthcare
• Waterland Private Equity
• Buy-and-build
• Build-up
• Germany