Advisor to Korian on the acquisition of ITA Mental Health
AZ Capital has advised Korian, the leading European care services group for elderly and fragile people, on the acquisition of ITA Mental Health, the third largest player in mental health in Spain from Magnum Capital.
With 39 facilities across Spain, ITA Mental Health is the third largest player in Spain by number of beds or second largest by revenue, with a strong presence particularly in Catalonia, Madrid and Valencia. The network includes 27 inpatient clinics and 12 day hospitals with reputed specialisations in behavioural, personality and eating disorders, addictions and neurodevelopment and general psychiatry.
With this transaction, Korian’s Spanish platform is expected to represent, including existing pipeline, c. €130 MM in 2022.
Sector: Healthcare and Pharmago to sector