(CercleFinance.com) – Korian announces the completion of the acquisition in Spain of the operator specializing in mental health Grupo 5.
Grupo 5 has demonstrated its ability to generate strong organic growth with annualized growth of +20% over the last 5 years, the delivery of 15 establishments over the period, and the creation of a pipeline of 24 projects. Over the next 5 years Grupo 5 should generate growth of 10% per year.
After the acquisition of Ita Salud in 2021, Korian benefits from a network of 77 establishments specializing in psychiatry and covers 14 regions representing 95% of the Spanish population.
The Spanish mental health market is estimated at 2.5 billion euros, and is expected to grow by 4% per year in the next 5 years in a context of lack of infrastructure to meet demand.