10/08/2011
ATITLAN LAUNCHES A BID FOR 33% OF RIBERA SALUD.
The VC/PE firm Atitlán has launched a bid for 33% of the dealership for the management of public hospitals and health centers, Ribera Salud. The private equity firm Vista Capital has already submitted its bid for the company last June (see news).
The dealership is currently owned 50% by Bankia and CAM. The outcome of the operation could be complicated by the intervention of the CAM by the Bank of Spain after the board dismissed and retired the main executives, so the resolution of Ribera Salud future would be left to Frob´s managers.
Ribera Salud carried out its first concession in Alzira’s Hospital in late nineties and followed by Torrevieja, Manises, Denia and Elche. It is also responsible for granting the Torrejón Hospital in Madrid and the management of the Central Laboratory of San Miguel de los Reyes. The company needs the presence of a new partner to expand and support the cost of construction of several health centers.