Korian Creates the 3rd European Mental Health Platform After Completing Its Acquisition of Ita Salud Mental
01 Giugno 2021 - 5:40PM
Business Wire
- Third largest1 mental health player in Spain
- 39 sites in key locations including Madrid and Valencia
- 27 inpatient clinics with c.900 beds and 12 outpatient clinics
with a capacity for 10,000 sessions per month
- Expected 2021 revenue c. €50 million and accretive to Group
margins
- High embedded growth with an expected CAGR of c.15% in revenue
until 2024
- Creation of the 3rd pan-European mental health
platform
- Expected 2022 revenue c. 250 millions in France, Spain and
Italy
- Embedded growth c.10%
Regulatory News:
Korian (Paris:KORI), the leading European care services group
for elderly and fragile people, has completed its acquisition of
Ita Salud Mental from Magnum Capital, after obtaining the necessary
regulatory and antitrust approvals.
Ita Salud Mental is a group specialised in mental health with 39
facilities across Spain. Ita Salud Mental is the third largest
player in Spain by number of beds or second largest by revenue,
with a strong presence particularly in Catalonia, Madrid and
Valencia.
The network includes 27 inpatient clinics and 12 day hospitals
(including 2 antennas) with reputed specialisations in behavioural,
personality and eating disorders, addictions and neurodevelopment
and general psychiatry.
Following the acquisition of Inicea, a major player in France,
in December 2020, Korian pursues its development in mental health
and creates the 3rd European platform with a presence in France,
Spain and Italy, with a clear focus on innovative, specialised care
solutions in an inpatient and outpatient environment.
From 2022 Korian expects to have revenue of around € 250 million
from mental health care within the Group and will continue to
invest in innovative care in this area to provide solutions to the
growing needs, particularly in a post Covid environment.
Indeed, mental health conditions, from addictions, to mood
disorders, eating disorders and more severe psychiatric diseases,
are today one of the leading causes of chronic diseases in Europe.
15% of the European population suffers from one form or other of
mental health conditions and prevalence of these pathologies is
expected to continue rising given the ongoing pandemic.
About Korian
Korian, the leading European care services group for elderly and
fragile people. www.korian.com
Korian has been listed on Euronext Paris
Section A since November 2006 and is included in the following
indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small
and MSCI Global Small Cap
Euronext ticker: KORI - ISIN: FR0010386334 –
Reuters: KORI.PA – Bloomberg: KORI.FP
1 By number of beds
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version on businesswire.com: https://www.businesswire.com/news/home/20210601005614/en/
INVESTOR RELATIONS
Sarah Mingham VP Investor Relations & Financing
sarah.mingham@korian.com Tel: +33 (0)1 55 37 53 55
Carole Alexandre Deputy Head of Investor Relations
carole.alexandre@korian.com Tel: +33 (0)7 64 65 22 44
MEDIA CONTACTS
Jean-Marc Plantade Head of Press Relations
jean-marc.plantade@korian.fr Tel: +33 (0)7 62 90 32 58
Cyrille Lachèvre Deputy Head of Press Relations
cyrille.lachevre@korian.fr Tel: +33 (0)7 61 53 54 86
Marjorie Castoriadis Head of Media Relations
marjorie.castoriadis@korian.fr Tel: +33 (0)7 63 59 88 81