Hengeler Mueller advises Waterland on acquisition of Priory Group
04. January 2021
Waterland Private Equity ("Waterland") announced that it is acquiring Priory Group with the intention to combine Priory with MEDIAN, a portfolio company of Waterland, to create a leading rehabilitation and mental health services provider in Europe. The closing of the transaction is expected in January 2021.
Priory is a leading provider of behavioral healthcare services in the U.K. Priory Group supports more than 30,000 people a year in over 450 facilities across the U.K., focusing on mental health and addiction rehabilitation, special educational services as well as adult care.
MEDIAN operates 120 clinics and facilities with 18,500 beds and places across Germany. MEDIAN provides a range of rehabilitation, post-acute and acute treatments ranging from neurology, orthopaedics and psychiatry to sociotherapy and addiction treatments. MEDIAN treated over 230,000 patients in 2019.
Hengeler Mueller advises Waterland on the transaction. The team is led by partner Alexander Nolte (M&A, Düsseldorf) and includes partner Nikolaus Vieten (Financing) (Frankfurt) as well as associates Richard Suermann and Tobias Schneiders (both M&A, Düsseldorf).