Korian Strengthens Its Healthcare Activities and Creates a Business Line Dedicated to Mental Health in Italy
06 September 2021 - 11:51AM
Business Wire
- Acquisition of Gruppo Sage family group specializing in
mental health, operating in Lazio
- 9 facilities located near Rome with a capacity of 568
beds
- Revenue of 22.5 million euros (2019)
- Acquisition of the premises of 6 facilities
- Strengthening of the healthcare offer in Tuscany with the
acquisition of an outpatient care center in Florence
- Monthly capacity of more than 1,400 patients located in the
center of Florence
- Revenue of 10.5 million euros (2019) with the CDC Leonardo
clinic acquired last June
- Creation of a business line dedicated to mental health in
Italy
Regulatory News:
Korian (Paris:KORI), the leading European care services group
for elderly and fragile people, is pursuing its targeted
acquisition strategy (bolt-on) to strengthen its healthcare
networks in Tuscany, Lazio and Piedmont, and announces the creation
of a business line dedicated to mental health in Italy.
Korian Italy acquired last August Gruppo Sage, a regional player
specializing in mental health. Gruppo Sage operates 9 facilities in
Lazio, all ISO 9001 certified and located in Rome and Viterbo, for
a total capacity of 568 beds, of which 254 are dedicated to the
treatment of psychiatric pathologies. Korian Italy also acquires
the walls of 6 of the facilities.
Gruppo Sage, which benefits from an excellent reputation, is the
leading private player in mental health in the Lazio region and
works closely with the main public hospitals in the region.
Revenue of 22.5 million euros in 2019 should continue to
increase by at least 10% by 2023 thanks to the opening of
additional beds to cover the needs of the territory in terms of
mental health. The 9 newly acquired facilities will also operate in
close synergy with the consultation and diagnostic centers and the
long-term care facilities already operated by Korian Group in the
Rome region.
Thanks to this acquisition, and with a capacity of around 600
full hospital beds, Korian is positioned as one of the leading
private players in mental health in Italy, like France and Spain,
while care needs are growing very rapidly.
As a reminder, the Group plans to generate sales of around € 250
million in mental health on a European scale in 2022 and intends to
actively pursue the development of these activities by focusing on
innovative therapeutic approaches adapted to the management of mood
disorders and depression, in order to meet the growing care needs
in this area, particularly in the new context created by the
Covid.
In addition, Korian acquired last July the Leonardo da Vinci
Centro Medico Diagnostico outpatient center located in the heart of
Florence. This specialized center can accommodate more than 1,400
patients per month.
This acquisition complements that of the CDC Leonardo surgical
clinic in Florence, with a capacity of 60 beds, integrated into the
scope of the Group last June.
The integration of these two structures, which jointly generated
a revenue of around 10.5 million euros in 2019, allows the Group to
further strengthen its care offer for chronic patients in Tuscany,
a region in which it is the leading private operator, with a
network of 12 facilities specializing in rehabilitation, post-acute
and long-term care, with a capacity of around 1,200 full hospital
beds and 3 outpatient centers, and a revenue in 2019 of 110 million
euros, with strong business synergies.
In addition, it is reminded that Korian also acquired in June
2021 the family group Santa Croce, thus developing its health
platform in Piedmont.
The integration into the Korian Group network of family groups
that are well established in their territories is fully in line
with the Group's profitable growth strategy, which combines organic
development and targeted acquisitions negotiated over-the-counter
to enrich the offer of medical care for chronic patients
(post-acute and rehabilitation care, mental health).
Next financial publication - 28 October 2021 : 3rd
quarter 2021 revenue
About Korian
Korian, the leading European care services group for elderly and
fragile people. www.korian.com
Korian has been listed on Euronext Paris
Section A since November 2006 and is included in the following
indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small
and MSCI Global Small Cap
Euronext ticker: KORI - ISIN: FR0010386334 –
Reuters: KORI.PA – Bloomberg: KORI.FP
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INVESTOR RELATIONS
Sarah Mingham VP Investor Relations & Financing
sarah.mingham@korian.com Tel: +33 (0)1 55 37
53 55
Carole Alexandre Deputy Head of Investor Relations
carole.alexandre@korian.com Tel: +33 (0)7 64
65 22 44
MEDIA
Jean-Marc Plantade Head of Press Relations
jean-marc.plantade@korian.fr Tel: +33 (0)7 62
90 32 58
Cyrille Lachèvre Deputy Head of Press Relations
cyrille.lachevre@korian.fr Tel: +33 (0)7 61
53 54 86
Marjorie Castoriadis Head of Media Relations
marjorie.castoriadis@korian.fr Tel: +33 (0)7
63 59 88 81