SPY412.27-3.80 -0.91%
DIA338.12-3.18 -0.93%
IXIC13,818.41-131.81 -0.94%

BRIEF-Korian Acquires Third Largest Mental Health Platform In Spain

· 03/17/2021 02:36
BRIEF-Korian Acquires Third Largest Mental Health Platform In Spain

- Korian SA KORI.PA:

  • KORIAN ACQUIRES ITA MENTAL HEALTH AND ACCELERATES ITS DEVELOPMENT OF MENTAL HEALTH ACTIVITIES ACROSS EUROPE

  • KORIAN ACQUIRES ITA MENTAL HEALTH AND ACCELERATES ITS DEVELOPMENT OF MENTAL HEALTH ACTIVITIES ACROSS EUROPE

  • 39 SITES IN KEY LOCATIONS INCLUDING MADRID AND VALENCIA

  • EXPECTED 2021 REVENUE C. EUR 50 MILLION AND ACCRETIVE TO GROUP MARGINS

  • HIGH EMBEDDED GROWTH WITH AN EXPECTED CAGR OF C.15% IN REVENUE UNTIL 2024

  • A PAN-EUROPEAN MENTAL HEALTH PLATFORM THAT WILL DELIVER C. EUR 250M OF REVENUE ACROSS FRANCE, SPAIN AND ITALY IN 2022 WITH C. 10% SUSTAINABLE ORGANIC GROWTH

  • KORIAN'S SPANISH PLATFORM TO REPRESENT, INCLUDING EXISTING PIPELINE C. EUR 130M OF REVENUE IN 2022

  • FROM 2022 KORIAN EXPECTS TO HAVE REVENUE OF AROUND EUR 250 MILLION FROM MENTAL HEALTH CARE WITHIN GROUP

Source text for Eikon: ID:nBw4JljTSa

Further company coverage: KORI.PA


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))