Deal Announcement 12/14: Healthcare

The Deal

PwC was mandated by Palamon Capital Partners in May 2014 as exclusive M&A advisor to sell the portfolio company POLIKUM Holding GmbH (“POLIKUM”). We conducted a competitive auction process to find a strategic partner to support POLIKUM’s further growth plans. The sale and purchase agreement with Sana Kliniken AG (“Sana”) was signed in November 2014 and the transaction was closed at the end of December 2014. The companies have agreed not to disclose the purchase price and further details of the transaction.

POLIKUM Holding GmbH

POLIKUM was founded in 2004 and is headquartered in Berlin, Germany. The company operates 4 multi-discipline outpatient healthcare centers (OHCs) in Berlin and Leipzig as well as an outpatient rehabilitation clinic in Leipzig. With over 400,000 patient visits in 2013 and 351 care providers, POLIKUM the largest outpatient healthcare providers in Germany.

Sana Kliniken AG

Sana is one of the leading private hospital chains in Germany with revenues of approximately 2 billion Euro in 2013. The company operates 49 hospitals with more than 28,900 employees and 1.8 million patients. Sana is owned by 30 German private health insurance companies.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 195,000 employees in 157 countries. Our global network comprises nearly 1,100 M&A professionals all over the world, realizing approx. 300 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatizations as well as structured financing.

The PwC M&A team in Germany acted as exclusive financial advisor to Palamon Capital Partners. The following PwC M&A team members were involved:

Dr. Alexander von Friesen (Partner), Kai Drigalla (Senior Manager) and Constantin Gutknecht (Senior Consultant).

In addition to the M&A advise, PwC provided the vendor with a Financial Fact Book and tax advice. The TS team was led by Steven Roberts (Partner) and the tax team by Klaus Schmidt (Partner).