KOS (CIR group) completes acquisition of Charleston Holding

The deal was based on an enterprise value of € 92 million and is a significant step forward for KOS in its process of development and internationalization

Milan, October 30 2019
– KOS (59.5% controlled by CIR with F2i Healthcare holding 40.5%), one of the principal healthcare operators in Italy, has today completed the agreement announced on July 31 2019 for the acquisition of Charleston Holding GmbH, a German group active in the supply of residential services for the non-self-sufficient elderly and ancillary services for elderly patients with a high level of disability, from the EQT Infrastructure II Fund.
The deal was based on an enterprise value for Charleston of € 92 million and does not include the real-estate ownership of the nursing homes managed by the company.
Charleston manages 47 residential facilities with a total of 4,050 beds and in 2018 generated revenues of approximately € 152 million. After the acquisition KOS will now be managing 133 facilities with a total of over 12,200 beds and approximately 11,200 employees. KOS’s pro-forma sales revenues for 2018 after the acquisition amount to around € 700 million.

Download pdf