YOUR CARE CONSULT AND ATO KUBIK ADVISE GROUP MOHRING/ VITAL WOHNEN ON THE SALE OF THE COMPANY TO THE GERMAN NURSING HOME OPERATOR ALLOHEIM
Paris/ Berlin, 03.02.2020 – Ato Kubik and Your Care Consult advised Group Mohring/ Vital Wohnen for the sale of the company.
The sale was successfully completed in December 2019 with the acquisition of 16 Nursing Homes (partially already up and running and partially recently opened or to be built), 3 of which includes their real Estate. All premises are located in North Rhein Westfalia.
Operations have been bought by Alloheim, while the Real Estate has been bought by Three Stone Capital.
The sale will be completed after the approval of the relevant Antitrust committees.
Both Mohring/ Vital Wohnen and Alloheim operate nursing homes, assisted living, domiciliary care and day care.
The Mohring Group, established in 1996 by the Mohring family, further developed with Vital Wohnen (a JV with Investors from Hamburg).
Alloheim was founded in 1973 by Alois Mollik and is a major German player.
With this acquisition Alloheim considerably reinforces his footprint in North Rhein Westfalia and will reach a total of 24.000 beds under operation in Germany.
Threestones Capital is an independent European investment management group managing private equity and real estate regulated investment vehicles with a Total of EUR 1,6 B AUM specialised in Healthcare investments for more than 10 years.
A few headlines on the transaction:
- 324 existing Nursing Home beds, with extra assisted living beds, domiciliary care and 3 day care centers from the Mohringside
- 461 Nursing Home bedsfrom the Vital Wohnen side, recently opened
- 391 Nursing Home bedsfrom the Vital Wohnen side, still to be built 2 of which will open in 2020.
for a Total of 1.176 of Nursing Homes beds (with a 97% Single Room quota) 264 Assisted Living Beds, 126 Day Care places, 64 Flat Sharing places as well as domiciliary care.
Jesko Beckendorf, Sebastian Gutsch, Andrea Minciarelli and Stéphane Pichon successfully assisted Mohring/ Vital Wohnen as Lead Advisors.
Aderhold Rechtsanwaltsgesellschaft mbH, Dortmund and ARQIS Rechtsanwälte, Duesseldorf were the legal advisors of, respectively, the Seller and the Buyer