LUXEMBOURG - DEFI et al. back DS Care funding

Based in Luxembourg, the company was set up by the investor syndicate in the early 2008 as a platform to facilitate a buy-and-build strategy in the private nursing homes sector, primarily in Italy and Germany. The new financing round will allow the group to finance multiple acquisition projects in the pipeline in Italy, including advanced projects where an exclusivity period has been obtained.

In February 2008 DS Care Italia finalised the acquisition of Argento Vivo, a group of two nursing homes based in Milan (300 beds). Since June 2008 the business has also been managing an additionally 160 beds for a nursing home located in Vittuone, close to Milan.

The Italian market is currently underdeveloped with only 1.3 beds per 100 persons aged 65+, compared to a European median of 5.9 beds. This leads to large capacity needs in a market where bed growth is regulated, thus creating significant entry barriers.

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• Topics
• Expansion
• Benelux
• Healthcare