12/07/2012
THE NATIONAL COMPETITION COMMISSION APPROVES THE MERGER OF GRUPO HOSPITALARIO QUIRÓN WITH USP HOSPITALES.
The National Competition Commission (NCC) has approved the merger of Grupo Hospitalario Quirón with USP Hospitales. The transaction was materialised through the acquisition of the stake in Quirón (previously owned by Grupo Mello) by private equity firm Doughty Hanson, and the subsequent integration of both groups. The transaction is expected to be materialized in the coming weeks.
As a result of this deal, borns the biggest private hospital network in Spain, which will be renamed Grupo Hospitalario Quirón S.A. and with 46 health centers, more than 2,250 beds, 6,500 doctors and 600,000 hospital stays per year in 29 cities. María Cordón Muro, the current CEO of Grupo Hospitalario Quirón, will also be CEO in the new group, which expects a turnover of around €650 million in 2012.
Two months ago, Doughty Hanson agreed with Barclays and Royal Bank of Scotland the purchase of USP Hospitales by €355 million (see news).
The firms PwC and Rothschild have advised in the transaction.