Nordic Capital Invests in German Healthcare Operator Alloheim
Nordic Capital Fund VIII has announced its acquisition of Alloheim, the second largest private German care home operator.
Alloheim offers nationwide care services for different age groups in stationary care homes, at assisted living locations and via ambulatory services. Alloheim which was a pioneer in the German market having opened its first location in 1973, has grown to employ c. 14,500 medical professionals and staff and is home to up to 20,000 residents.
Nordic Capital is an established healthcare investor with a track record of building high quality, sustainable businesses. Nordic Capital intends to support Alloheim management’s strategy to continue to deliver high quality services and care to its residents, and to invest in further expanding the facilities and services offered by Alloheim.
The transaction is subject to customary antitrust and regulatory approvals.
Alloheim is the second largest private and one of the fastest growing German nursing home operators with more than 170 stationary nursing care homes (incl. 10 new-builds under construction), 52 facilities for assisted living and 17 ambulatory care services. The group provides in total c. 20,000 beds of which 18,000 are stationary care beds and c. 2,000 apartments for assisted living. Amongst the stationary care services, the group offers a variety of specialized care including advanced dementia, youth & psychiatric care, adiposity and artificial respiration. Alloheim currently employs around 14,500 employees. Headquarter is in Duesseldorf, Germany. For further information about Alloheim please visit www.alloheim.de