Direct Investments

NORD Holding acquires majority stake in Zentrum Gesundheit

27.03.2019

NORD Holding is the new majority owner of Zentrum Gesundheit, a German group of ophthalmic surgery and diagnostic centres. The team of medical practitioners led by Dr Claudia Lanzrath, Dr Andreas Knecht and Dieter Hagedorn will stay in their roles and remain invested in the company. This lays the foundations for further growth and best patient care with consistently high-quality standards.

NORD Holding is acquiring the stake in Zentrum Gesundheit from Waterland Private Equity and will invest alongside the management and the team of medical practitioners as a new partner and majority owner. “The high level of medical expertise in conjunction with close proximity to patients and the professionally developed structures of Zentrum Gesundheit impressed us right away. We see great potential to complement these advantages regionally and are looking forward to the next steps,” says Ronald Grott, Member of the Investment Committee at NORD Holding.

Dieter Hagedorn, ophthalmologist and Managing Partner of Zentrum Gesundheit: “We are pleased to have found a new partner that has experience in investing in SMEs. Together with NORD Holding we will continue to guide and support the growth strategy that we began over the past few years.”

Further growth through buy-and-build in combination with a unique personnel concept

Since its foundation in 1990, Zentrum Gesundheit has grown to become the largest group of ophthalmic surgery and diagnostic centres in Lower Saxony and Bremen under the leadership of Dr Claudia Lanzrath, Dr Andreas Knecht and Dieter Hagedorn. One of the growth pillars was the successful integration of regional ophthalmic practices. Together with the current team of medical practitioners and with NORD Holding as their new partner, the company now intends to continue this inorganic growth strategy in Bremen and other federal states.

The employment concept adopted by Zentrum Gesundheit ensures that both experienced and newly trained ophthalmologists are able to develop their medical skills in an environment specifically designed to reconcile career and family. Close interaction between experienced and upcoming specialists provides the basis for the crucial transfer of knowledge, in particular during residency but also while learning how to carry out complex surgeries. Not least by offering a range of options for part-time working, Zentrum Gesundheit has become an attractive employer in the ophthalmic sector and regularly receives the highest praise in patient reviews.

On behalf of NORD Holding, the transaction was accompanied by Ronald Grott, André Seidel, Mirco Thelen and David Wössner.

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About Zentrum Gesundheit

Since its foundation as a group practice in 1990 in Leer, Zentrum Gesundheit has grown to become the leading ophthalmologic specialist group in northern Germany. Zentrum Gesundheit treats patients through 12 subsidiaries at nine different locations, making it the largest group of ophthalmic surgery and diagnostic centres in Lower Saxony and Bremen. The group employs more than 230 people, the majority being medical practitioners or specialist medical assistants. This enables Zentrum Gesundheit to offer the entire ophthalmologic spectrum under one roof with a medical focus on the treatment of cataracts and diabetic retinopathy and age-related retinal diseases.

For further information, please visit www.zentrumgesundheit.de

About NORD Holding

With its 50-year history and over € 2.0 billion assets under management, NORD Holding is one of the leading private equity asset managers in Germany with a focus on direct and fund investments.

The fund investments division targets the small- and mid-cap segment of the European private equity market through primaries, secondaries and co-investments.

NORD Holding has a strong focus on emerging buyout managers, hands-on investment strategies and regularly acts as an anchor investor. The division manages € 1.3 billion and ranks among the top decile fund investment groups in Europe.

The direct investments division of NORD Holding focuses on structuring and financing company succession models, acquiring parts of larger groups/subsidiaries as well as on expansion financing of medium-sized companies. In contrast to most other financial investors, who only manage closed-end funds, NORD Holding acts as a so-called "evergreen fund", thereby investing from its own balance sheet with no maturity restrictions. Currently, the fund has interests in more than 15 companies in the DACH region.

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