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TLC GROUP

Acquired by

ORPEA

IRELAND Health Providers / Healthcare Facilities / Nursing Homes EV 100m EUR - 500m EUR 03/2020

Target

TLC GROUP

Acquirer

ORPEA

Context

Orpea Groupe acquired 100% of TLC Group from its founder marking the French nursing home giant's entry into the Irish market. The transaction follows Orpea's well-established pattern of entering new European markets through the acquisition of well-run, high-quality local platforms with strong occupancy rates and an established reputation, rather than through greenfield development. Ireland represented an attractive entry point for Orpea given the structural undersupply of nursing home capacity in the Greater Dublin region, strong demographic growth, and a regulatory and reimbursement framework broadly comparable to other Western European markets in which Orpea already operates.

TLC GROUP, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Healthcare & Pharma sector (13.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

TLC Group is an Irish nursing home operator, operating five nursing homes across the Greater Dublin region. The group is characterised by exceptionally high occupancy rates of 97%–99%, reflecting strong demand dynamics in the Dublin elderly care market and the quality of TLC's operations.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
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EBITDA
EBIT
2019
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2018
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Other operations with TLC GROUP

REFERENCES

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).