Germany: Quadriga Capital buys Medical Senioren-Park

Quadriga Capital has acquired the Medical Senioren-Park chain of care homes, together with six inpatient facilities from care home group Convico.

“The Medical Senioren-Park Group is a very successful family business with a unique culture. Quadriga Capital’s participation will give the newly formed nursing home operator the opportunity to become a leading nationwide service provider in the long term through targeted acquisitions and new homes,” said Quadriga partner Philip Matlachowsky.

The Medical Senioren-Park Group is a family business founded by Rita and Tadeusz Cymerman with around 800 employees. Over the past 20 years, the company has specialised in the acquisition, construction and operation of care facilities and real-estate. The group owns five care facilities with over 550 beds in Hessen, Nordrhein-Westfalen and Bavaria as well as a rehabilitation clinic providing treatment for women with addiction problems with over 60 therapy places in Rheinland-Pfalz.

Kathrin Ludwig, managing director, has been with the care provider for almost 20 years and will continue to manage the operational business. The previous owners Rita and Tadeusz Cymerman will retain close ties with the company: In the future, they will support the group’s organic growth by focusing on the further development of Medical Senioren-Park’s real estate.

Convivo has been active in the care market for over 25 years and currently combines 100 care facilities, residential communities, outpatient care services as well as facilities for serviced living and alternative forms of housing for senior citizens in “Convivo Parks”. The six transferred facilities cater for more than 700 residents in Nordrhein-Westfalen, Rheinland-Pfalz, Niedersachen, Schleswig-Holstein and Hamburg. Convivo will continue to provide operational support to these facilities during a transition phase to ensure the greatest possible continuity for residents and staff.