HESTIA ALLIANCE acquired by MEDIAN KLINIKEN
Context
MEDIAN Group, backed by Waterland Private Equity, acquired Hestia Alliance, one of Spain's largest private post-acute and mental health care providers, marking MEDIAN's first entry into the Spanish healthcare market. The transaction received regulatory approval prior to the public announcement. The acquisition is part of MEDIAN's continued internationalisation strategy following its earlier expansion into the UK through the acquisition of Priory Group in 2021. The combination of MEDIAN, Priory, and Hestia creates a pan-European post-acute and mental health platform spanning Germany, the United Kingdom, and Spain.
HESTIA ALLIANCE, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (14.3x).
-> Deep-dive in Healthcare & Pharma market trends
Target
Hestia Alliance is one of Spain's largest private healthcare companies, founded approximately 30 years prior to the transaction. The group operates 14 centres across four Spanish regions — Catalonia, Madrid, Galicia, and the Balearic Islands — with over 2,000 beds and a workforce of more than 1,500 staff dedicated to caring for approximately 13,000 patients per year. Hestia specialises in post-acute medicine and mental health treatments, with an excellent clinical reputation built over three decades of operation.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Similar deals in Health Providers
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 08/2023 | QUADRIVIO GROUP | THE PRIVATE CLINIC (TPC) | UNITED KINGDOM | Aesthetic & Cosmetic Clinics |
| 08/2023 | BAIN CAPITAL | ESTIA HEALTH | AUSTRALIA | Nursing Homes |
| 06/2023 | Levine Leichtman Capital Partners | SEV Laser | UNITED STATES | Aesthetic & Cosmetic Clinics |
| 06/2023 | PARQUEST CAPITAL | IMANEO | FRANCE | Radiology |
| 06/2023 | ARDIAN | MON VETO | FRANCE | Vet Clinics |
| 11/2022 | RADNET | HEART & LUNG IMAGING | UNITED KINGDOM | Radiology |
| 10/2022 | CBPE CAPITAL | VEINCENTRE | UNITED KINGDOM | Aesthetic & Cosmetic Clinics |
| 09/2022 | ORADIANSE | REVEL | FRANCE | Radiology |
| 09/2022 | EURAZEO | IMAPOLE | FRANCE | Radiology |
| 08/2022 | FREEMAN SPOGLI | EVERVET PARTNERS | UNITED STATES | Vet Clinics |
REFERENCES
Revenue range: 50M - 100M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HESTIA ALLIANCE by MEDIAN KLINIKEN are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: median kliniken