Waterland Private Equity portfolio company Schönes Leben has acquired a majority stake in healthcare services provider Mediko.
Waterland acquired elderly care home operator Compassio via its new holding company, Schönes Leben, in late 2017 – the acquisition of Compassio was the first step in Waterland's buy-and-build strategy in the retirement care sector. At the time, Compassio operated 28 care homes with 3,058 places for elderly people in southern Germany, and generated revenues of around €110m.
This acquisition complements Schönes Leben's care business unit and the company will also acquire Medkio's real estate portfolio.
With some care homes currently under development, Schönes Leben is expected to grow to more than 10,000 nursing homes with facilities in more than 100 locations.
Mediko, headquartered in Winsen, currently operates 20 retirement homes in Lower Saxony, Hamburg and Rhine-Westphalia. Its services include in-patient care, daily care and serviced living. Mediko also develops new care facilities and operates 18 locations in Germany, with approximately 1,400 staff.
Waterland Private Equity – Carsten Rahlfs (managing partner).
Schönes Leben – Marc Hildebrand (CEO).
Exit of UK-based software provider set to generate 40%-plus IRR; Baird advised on auction
New partner Sascha Konwalski joins Frankfurt office; US law firm to open new offices in Europe
French drug maker is the first divestment from liquidated fund Novalpina I, now managed by Berkeley Research Group
Ylva Hannestad joins GP’s client engagement around sustainability agenda