| In March 2008, STAR, together with management, acquired 100% of the share capital of Alloheim Senioren-Residenzen AG (‘Alloheim’).
Alloheim is one of the largest nursing home operators in Germany. It operates 13 facilities totalling 1,522 beds and 252 assisted living apartments across Germany. It has more than 1,300 employees and provides a full range of nursing home services, i.e. stationary care, ambulatory care, assisted living and specialised nursing care.
The business will be led by a new management team, Rainer Hohmann and Thomas Kupczik, who have long-standing experience in the German healthcare market. Rainer Hohmann was a member of the Management Board of Fresenius AG, a global healthcare group with revenues of more than €8bn. Thomas Kupczik was the CEO of Wittgensteiner Kliniken, a subsidiary of Fresenius AG with over 1,500 acute and 4,000 rehabilitation beds. Prior to this, he was CFO of Damp Kliniken AG, an integrated healthcare group with more than 3,800 hospital/rehab and 660 nursing home beds.
STAR's aim is to develop Alloheim into one of the leading nursing home operators in Germany by taking advantage of organic and acquisition-led growth.
Why does Alloheim fit STAR's investment strategy?
- Alloheim provides essential care services to elderly people.
- This essential need results in stable underlying cashflows.
- Demographic and socio-economic trends will drive long-term demand for care.
- The German market is highly fragmented; Alloheim is an excellent platform from which to grow through acquisitions and new builds.
www.alloheim.de
 
|
|
|
