Médi-Partenaires is a French group of private clinics focused on medicine, surgery and obstetrics.
Equistone led the spin-out of Médi-Partenaires from Universal Health Services, a US hospital group, alongside Cobalt Capital and Sagard. Subsequently, Equistone and the management team led a restructuring and refinancing of the group two years later. This transaction introduced LBO France as the new majority investor.
Since investment, Médi-Partenaires has become the third leading provider of private healthcare in France with a total of 36 institutions including 25 private clinics. The group has demonstrated impressive growth, with turnover increasing from €228m in 2005 to €552m in 2013.
Equistone has worked alongside the management team to support:
- The group’s continued buy-and-build strategy with the acquisition of 10 clinics and two divestments.
- The improvement of its financial structure, as a result of the sale of property leases followed by a high yield refinancing.
- The maintaining of one of the highest EBITDAR margin in the sector.
Equistone sold its Fund II investment in Médi-Partenaires through a merger with Médipôle Sud Santé, thereby creating the number two player in private hospitals in France.
Since 2005, the Equistone team has partnered with Médi-Partenaires to build its skills in acquiring and running private clinics, whilst offering its patients an ambitious quality policy.