After obtaining the necessary regulatory and antitrust authorizations, the Korian group, a French company specializing in care services for elderly and dependent people, has successfully completed the purchase process of the Spanish mental health company Grupo 5.
In line with Korian’s strategy to develop its healthcare activities, this acquisition is a further step forward in its European expansion in the mental healthcare segment. With some expected revenue of 330 million euros in 2023 generated in France, Spain and Italy, Korian is the third European player in this market.
Grupo 5, specialized in mental health services, begins a new stage with Korian as the sole shareholder
Following the acquisition of Ita Salud in 2021, Korian is consolidating its mental health services platform in Spain with 77 centers located in 14 regions. According to data from this company, the Spanish mental health market is estimated at around 2,500 million eurosand it should grow by c.4% per year in the next 5 years, driven by the current deficit of supply compared to demand.
«Group 5 has demonstrated its ability to generate significant organic growtho (+20% CAGR in the last 5 years), having executed, among other things, 15 greenfield projects in the last 5 years and a portfolio of 24 additional projects. Group 5 is expected to generate an organic CAGR of +10% over the next 5 years.”point out from Korian.
For the CEO of the Group , Sophie Boissard, «This acquisition allows the Group to significantly strengthen its presence in Spain through the integration of a recognized network dedicated to specialized care and mental health, highly complementary to the activities we have developed in geriatrics and mental health. It is part of the strategy of the Group of develop local health servicesto respond to the growing care needs in relation to chronic diseases».
For his part, William BellCEO of expresses his satisfaction “for our team to join the Korian family, as I believe there is a clear alignment between the values, missions and cultures from both groups. I am sure that the operation will help Grupo 5 to continue improving its services to satisfy the growing demand for mental health in Spain, after an already successful expansion with the support of Corpfin Capital, which has resulted in more than 15 installations since 2017″.