Milan, May 27, 2026 – With reference to the press release issued on May 25, 2026, it is hereby clarified that KOS S.p.A., a subsidiary of CIR, and Mr. Giuseppe Vailati Venturi, its Chief Executive Officer and General Manager until May 31, 2026, have reached a mutual agreement to terminate their relationship, in order to allow the KOS Group to promote new management profiles, consistent with the company’s plans, and at the same time allow the manager to take on new professional challenges.
KOS
34 Risultati trovatiGiuseppe Motta appointed new CEO and General Manager of the KOS Group
Milan, May 25, 2026 – CIR announces that Mr. Giuseppe Vailati Venturi, CEO and General Manager of KOS S.p.A., a subsidiary of CIR, will leave the company on May 31, 2026, after 23 years of service. The Company thanks him for his service and wishes him all the best in his future endeavours.
The Board of Directors of KOS S.p.A. has appointed Mr. Giuseppe Motta as CEO and General Manager of the KOS Group, effective June 1, 2026.
Mr. Giuseppe Motta, 48, graduated in Business Economics from Bocconi University and has been working at KOS since 2005. He served as Director of Management Control and, since 2022, as General Manager of the Nursing Homes Italy Division, which he successfully managed, ensuring the sustainable development of operations in the challenging post-Covid environment. The Board of Directors of KOS extends its best wishes to Mr. Giuseppe Motta.
Completion of the acquisition of 40.23% of KOS S.p.A.
Milan, 29 January 2026 – CIR S.p.A. (“CIR”) announces that today it has completed the acquisition of the 40.23% stake in the share capital of KOS S.p.A. held by F2i Healthcare S.p.A., pursuant to the binding agreement signed on 19 November 2025. The acquisition was carried out by CIR Investimenti S.p.A, a company wholly owned by CIR S.p.A..
Completion of the transaction followed the receipt of the required regulatory approvals, including those under Italian Golden Power and Italian antitrust regulations, as well as German antitrust rules, and the satisfaction of all the conditions precedent.
The purchase price for the shares amounts to €220.0 million. In accordance with the terms of the agreement, prior to closing KOS distributed an extraordinary reserve totaling €24.86 million.
The earn-out mechanisms and the anti-embarrassment clause remain applicable, in accordance with the terms already disclosed on 19 November 2025.
The transaction was financed by CIR using part of its available liquidity.
Following completion of the transaction, CIR holds, directly or indirectly, 100% of the share capital of KOS S.p.A.
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ANNI AZZURRI VALDASO NURSING HOME IN CAMPOFILONE (FM)
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ANNI AZZURRI CIT TURIN NURSING HOME IN TURIN
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SANTO STEFANO VILLA MARGHERITA IN ARCUGNANO (VC)
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ISTITUTO SANTO STEFANO AT PORTO POTENZA PICENA (MC)
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NEOMESIA VILLA AZZURRA HOME IN RIOLO TERME (RA)
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CHARLESTON IN GERMANY
KOS (CIR group): in first quarter revenues at 87 million, EBITDA at 12.1 million, net income at 2.8 million
Board of Directors approves results as of March 31 2011
KOS (CIR GROUP): IN FIRST QUARTER REVENUES AT 87 MILLION,
EBITDA AT 12.1 MILLION, NET INCOME AT 2.8 MILLION
Consolidated results for Q1 2011
Revenues: € 87 million (€ 76.1 million in Q1 2010);
EBITDA: € 12.1 million (€ 8.2 million in Q1 2010);
Net income of the group: € 2.8 million (loss of € 0.4 million in Q1 2010);
Net debt: € 199.3 million (€ 189.3 million at 31/12/2010), offset by owned properties with a carrying value of € 164 million
Milan, April 21 2011 – The Board of Directors of KOS SpA (CIR group) met today and examined the results of the first quarter of 2011.
Performance of operations
The KOS group is one of the main private operators in Italy in the care-home sector. Founded in 2002, today the group operates in three different sectors: nursing homes (RSAs), rehabilitation units and the management of hospital facilities (managing one hospital and high-tech services in various hospitals).
For the first three months of 2011, at consolidated level, KOS reported an improvement in all its main economic indicators compared to the same period of 2010, thanks to the development of all the companies of the group and to the extension of the business as a whole.
Consolidated results
Consolidated revenues totalled 87 million euro in the first quarter of 2011, posting a rise of 14.3% compared to the same period of 2010 (76.1 million euro), thanks to the development of the three areas of activity and to the new acquisitions made in 2010.
The gross operating margin (EBITDA) was 12.1 million euro, and was up by 18.6% on the figure for the first quarter of 2010 (10.2 million euro), before non-recurring costs. Last year the company incurred extraordinary costs of approximately 2 million euro for the IPO procedure and for the acquisitions made. Including these costs, the EBITDA of first quarter 2010 came to 8.2 million euro.
The net income of the group for the first three months came in at 2.8 million euro, compared to a negative result of 0.4 million euro in the same period of 2010 (a positive figure of 1.2 million euro before non-recurring costs).
The consolidated net debt of the KOS group stood at 199.3 million euro at March 31 2011 (189.3 million at December 31 2010), offset by owned properties with a carrying value of approximately 164 million euro.
The KOS group had 4,037 employees at March 31 2011 (4,006 at December 2010)
Activities of the KOS group
The KOS group today manages a total of over 5,600 beds, plus more than 900 under construction, and is active in three sectors:
– RSAs (nursing homes), with 37 facilities managed, for a total of 3,830 beds in operation.
– Rehabilitation (management of hospitals and rehabilitation units), with 13 rehabilitation facilities (in Lombardy, Emilia Romagna, Trentino and Marche), 9 psychiatric rehabilitation communities (in Liguria, Piedmont and Lombardy) and 13 day hospitals, for a total of 1,684 beds in operation.
– Management of hospital facilities (management of one hospital and hi-tech services in public and private hospitals), with 18 facilities.
