Hengeler Mueller advises MEDIAN and Waterland on acquisition and merger with AHG Gruppe

29. July 2016

MEDIAN Group, majority owned by Dutch private equity company Waterland Private Equity, announced today that it will merge with AHG Allgemeine Hospitalgesellschaft AG, Düsseldorf, in the course of 2017. Two days ago the parties signed a corresponding contract. The transaction is still subject to the approval of the German antitrust authorities.

MEDIAN is a health care company with currently 78 rehabilitation centers, acute hospitals, and care and reintegration facilities at 45 locations. With about 13,000 employees and with more than 13,500 beds or rather treatment places, the company is Germany's largest private operator of rehabilitation facilities.

AHG Allgemeine Hospitalgesellschaft, based in Düsseldorf, is one of the largest German providers of therapies in the fields of psychosomatics, addictive disorders and sociotherapy. The company comprises 45 clinics, therapy centers and outpatient clinics with about 4,000 beds and has more than 2,500 employees.

Through the merger of MEDIAN and AHG a new company arises with 17,500 beds and treatment places that concentrates exclusively on aftercare and participation as well as on psychiatry. The 15,500 employees of the two companies will then treat and take care of more than 225,000 patients and home residents in 14 federal states each year.

Hengeler Mueller advises MEDIAN and Waterland on the transaction. The Hengeler Mueller team is led by partner Alexander Nolte (M&A, Düsseldorf) and includes partners Ulrich Blech (Real Estate, Berlin), Thorsten Mäger (Antitrust, Düsseldorf), Nikolaus Vieten (Financing, Frankfurt), Christian Schwandtner (Management Participation, Düsseldorf), Hendrik Bockenheimer (Employment, Frankfurt), Dirk Uwer (Health Care/Public Law, Düsseldorf), Matthias Scheifele (Tax, Frankfurt), Oliver Rieckers (Corporate, Düsseldorf), counsel Peter Dampf (Financing, Frankfurt), as well as associates Adrian Cavin (M&A, Düsseldorf), Nadine Hartung, Marco Stempin (all M&A, Berlin), Daniel Möritz (M&A, London), Steven Leunert (Real Estate, Berlin), Michael Schramm, Deniz Tschammler (both Health Care/Public Law, Düsseldorf), Anne Broll, Katharina Gebhardt, Susanne Walzer (all Employment, Frankfurt), Martin Mohr (Tax, Frankfurt), Alexander von Jeinsen (Financing, Frankfurt) and Christoph Wilken (Antitrust, Düsseldorf).