AURELIUS Group acquires cosmetic clinic operator “The Hospital Group”
- Provider of surgical and non-surgical cosmetic procedures
- Complex shareholder circumstances present valuable equity acquisition opportunity
- Large synergy potential with AURELIUS Group’s established acquisition Transform
Munich / London – 15 July, 2016 – AURELIUS Group (ISIN DE000A0JK2A8) 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 generated revenues of almost EUR 40 million in 2015. The financial terms of the transaction 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 Great Britain. 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 large revenue and cost synergies between The Hospital Group and Transform Group, 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.
“With the acquisition 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 for the coming years,” commented Gerhard Engleder, vice president of AURELIUS Group.