Permira, the global private equity firm, today announced that the Permira Funds have agreed to sell Althea Group S.pA. ("Althea"), a leading independent provider of technology management services to the European healthcare industry, to a consortium formed by F2i,
Althea was originally established in 2014 through the combination of MESA in
Under the Permira funds' ownership, the company has undergone a period of continued growth and transformation, including:
- Consolidated the sector through 14 acquisitions, including the transformational take-private of listed
- Successfully integrated the group central functions, consolidating know-how into centres of excellence and developing a global supply chain infrastructure;
- Evolved Althea into a platform and the number 1 European player (as well as the leader in each of its core markets,
- Pioneered the development of public-private healthcare partnerships in
- Primed Althea for further growth through expansion of existing offerings, and capabilities within adjacent value-add services in Consumables Management Services, Telemedicine, Homecare, and tech-enabled partnerships.
Alessandro Dogliani, CEO of Althea, commented: "I would like to thank Permira and
The transaction remains subject to customary regulatory approvals and is expected to close in the third quarter of 2022. The Permira Funds were advised by
ENDS
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About Permira
Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds with total assets under management of EUR60bn+ and makes long-term majority, minority investments. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Healthcare and Services. Permira employs over 450 people in 16 offices across
The Permira funds have previously invested over
About Althea
Althea is the largest pan-European independent provider of integrated healthcare technology management. The company operates as an outsourced technological partner for the provision of managed services and multivendor maintenance of the entire medical equipment portfolio in public and private healthcare organisations, across multiple technologies - from biomedical equipment to advanced diagnostic imaging & radiology. Althea combines integrated solutions, OEM independence and its deep knowledge of healthcare processes to provide better patient care, cost efficiencies and value maximisation for healthcare providers, ultimately improving patients' quality of life. The group today manages more than 1.4 million medical devices in over 2,700 healthcare facilities across 18 countries. Althea's centres of excellence span the globe, leveraging the expertise of more than 3,000 engineers, technicians, administrators and customer service specialists.
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