MEDIAN, a portfolio company of Waterland Private Equity Investments since 2011 and Germany’s largest private operator of rehabilitation clinics, is acquiring the two clinics run by Kliniken Wied GmbH & Co. KG in Wied and Steimel, in the region between Bonn and Koblenz. The company is specialised in providing residential rehabilitation for addicts since 1974, a field that is one of MEDIAN’s main specialities. Kliniken Wied provides more than 210 hospital beds, managed by 166 employees. The focus is on residential and out-patient treatments for alcohol, medication and drug dependency, including the parallel treatment of somatic and psychosomatic diseases together with non-substance-related dependencies such as eating disorders and gambling addiction.
Dr. Carsten Rahlfs, Managing Partner of Waterland, says: “The two facilities form a prestigious institution. Their specialisms and high-quality provision are a perfect match with MEDIAN. At the same time, this enables us to further expand our network in the Rhineland-Palatinate region. We are determinedly continuing our buy-and-build strategy, which has turned MEDIAN into the largest private operator of rehabilitation clinics.”
Supported by Waterland, the MEDIAN Group has now completed 19 transactions in recent years, expanding to become one of the five largest private hospital groups in Germany and investing heavily in buildings, technical equipment, digitalisation and new tools for improving the measurement of therapeutic success. The transactional expertise provided by Waterland is securing the continued growth of the Group in this fragmented market, offering patients and cost-bearers in the health care system a clear-cut profile together with high standards of quality. Including the new acquisitions, the Group now has 120 facilities with 15,000 employees, offering a combined capacity in excess of 18,000 in-patient beds and treating more than 230,000 patients each year. Besides these rehabilitation clinics, the health care company also operates acute-care psychiatric hospitals, treatment centres, out-patient clinics and re-integration facilities in 14 of Germany’s 16 federal states. MEDIAN thus provides a comprehensive network of after-care and participatory health care services.