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.

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.