DomusVi has acquired a 100% stake in Assisteo SAS, a private operator of home care services in France, for US$7 million.
With 23 branches throughout France, Assisteo is one of the three largest private players in France in a market dominated by non-profit organizations. They enjoy a reputation for high quality services and for a very efficient in-house developed IT system.
DomusVi manages 92 nursing homes, 20 home help agencies, six serviced accommodation units and ten establishments offering consultations, surgery and out-patient treatment in France and Quebec.
Oaklins' team in France advised the seller in this transaction. After an auction process, a short exclusivity period was offered to DomusVi who completed the transaction in two months.
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