Quadriga Capital buys Medical Senioren-Park

The acquisition of family-run Medical Senioren-Park was completed as part of a corporate succession plan. Kathrin Ludwig will remain in a management role and will continue to manage the company's operational business.

The GP said in a statement that it will pursue a growth strategy for Medical Senioren-Park based on the further development of the company's real estate portfolio.

The six facilities acquired from Convivo provide care for 700 residents in North Rhine-Westphalia, Rhineland-Palatinate, Lower Saxony, Schleswig-Holstein and Hamburg.

Quadriga has previous experience in the healthcare sector via its 2015 investment in Dorea Familie, a chain of nursing and retirement homes created via a buy-and-build strategy.

Buy-and-build strategies in the non-cyclical healthcare sector have proved popular in DACH in recent months, with GP Waterland notably pursuing add-on acquisitions for its portfolio company Schönes Leben, as reported by Unquote.

Quadriga launched its fifth vehicle in August 2019; the fund is registered as a Jersey LP and targets €500m. The fund's predecessor closed on €529.1m in February 2013.

Company
Medical Senioren-Park is a chain of care homes based in Germany, headquartered in Essen. It consists of five care facilities with 550 beds in Hesse, North Rhine-Westphalia and Bavaria, plus a facility in Rhineland-Palatinate for the treatment of women with addiction problems, with places for 60 patients.

The company was founded in 1999 by Rita and Tadeusz Cymerman and employs 800 people.

People
Medical Senioren-Park – Kathrin Ludwig (director).

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• Topics
• Buyouts
• DACH
• Healthcare
• Germany
• Quadriga Capital