N+1 in talks to acquire 20% of CRC

CRC is part-owned by a group of doctors, led by CEO Norbert Galindo, who would continue to manage the firm following this first round of private equity funding. The company is currently 70% owned by its workforce (comprising senior executives, specialist doctors and other workers), while the founders hold the remaining 30%.

The new capital – which N+1 and Dinamia are expected to contribute at a ratio of 75:25 – could allow the company to increase its presence outside of Catalonia through organic growth. N+1 may also support CRC over the coming months in refinancing the business' €5m debt. In the mid-term, the group plans to lead the consolidation of the various regional operators in the field, many of whom are in need of equity.

CRC Corporació Sanitària is a leading Catalan firm in the supply and management of medical diagnostic imaging services, with a 30% market share. It was founded in 1976 and employs 600 people.

The company registered sales of €50m in 2010 and forecasts the same level of turnover in 2011.

This deal is subject to the necessary debt being secured.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Healthcare
• Expansion
• Spain