Aurelius Group acquires cosmetic clinic operator The Hospital Group
Munich / London – 15 July, 2016 – Aurelius Group (ISIN DE000A0JK2A8) (“Aurelius”), the pan-European, mid-market investor, today announces the acquisition of The Hospital Group, a provider of surgical and non-surgical cosmetic procedures based in Birmingham, UK. With approximately 300 employees, The Hospital Group (“the Company”) generated revenues of £30.4 million in 2015. The financial terms of the deal are undisclosed.
The Hospital Group is a leading provider of cosmetic procedures in the UK, as well as a market leader in weight loss treatments. The Company operates the largest cosmetic surgery hospital in Europe together with 15 clinics across the UK. The Hospital Group boasts high patient satisfaction rates in its four business areas of cosmetic surgery, weight loss, cosmetic dentistry, and non-surgical treatments.
There is significant potential for synergies between The Hospital Group and Transform Group (“Transform”), which was acquired by Aurelius in July 2015. Transform, which comprises 27 clinics across the UK and two dedicated cosmetic surgery hospitals in Manchester and London, is the domestic market leader in cosmetic surgery.
Gerhard Engleder, vice president of Aurelius Group, commented: “With the acquisitions of The Hospital Group and Transform, we have reached a leading position in the British market for cosmetic surgery and treatment. We see large growth potential in this market in the coming years.”
Tristan Nagler, Managing Director of Aurelius in the UK, said: “The acquisition of The Hospital Group represents Aurelius’ third investment in the UK market since last month, following the acquisitions of Calumet International and Working Links. Despite the macroeconomic uncertainties currently affecting the M&A market, we remain on the look-out for further investment opportunities in UK businesses that would benefit from Aurelius’ operational and financial backing.”