Doughty Hanson acquires Grupo Hospitalario Quirón

The acquisition will allow Doughty Hanson to merge the firm with current portfolio company USP Hospitales, another Spanish hospitals operator. The Cordón Muro family will become joint owners of the new hospital group, exchanging their controlling stake in Grupo Hospitalario Quirón for one in the larger entity.

The transaction was made through the Doughty Hanson & Co V vehicle, which closed on €3bn in 2007.

In February this year, Doughty Hanson acquired USP Hospitales from Barclays and Royal Bank of Scotland for €355m, 9x the firm's forecast EBITDA for 2012.

Company
Grupo Hospitalario Quirón has 7 general hospitals and 1,000 beds in Barcelona, Madrid, Malaga, San Sebastian, Valencia and Zaragoza Vizcaya. The company also has assisted reproduction centres in Bilbao, Pamplona and Torrente.

The group operates 932 hospital beds, 108 operating theaters and 597 clinics. The company has 2,850 employees.

People
Francisco Churtichaga and David Torralba led the deal for Doughty Hanson. Richard Hanson is the manager of the Doughty Hanson & Co V vehicle.

Advisers
Equity – Rothschild (Corporate finance).

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

• Topics
• Southern Europe
• Healthcare
• Expansion
• Doughty Hanson & Co
• Spain