Cologne/Munich, 4 April 2017: ATOS, a group of specialist orthopaedic clinics, is moving ahead with its growth and expansion strategy announced last summer by taking over ORTHOPARC clinic in Cologne. This new acquisition, plus the already in December 2016 acquired STARMED clinic in Munich, increases its total number of clinic beds by more than 20%. ATOS and ORTHOPARC have agreed not to disclose financial details of the transaction.
“ORTHOPARC allows us to expand our regional presence in North Rhine-Westphalia,” explained Martin von Hummel, Managing Director of ATOS. “We’re adding to our existing network by partnering with clinics which share ATOS’ positioning towards highest medical standards and service quality. At the same time, we align internal administration structures across the group to generate additional synergies.”
“This partnership is the next step of our clinic’s development,” said Professor Joachim Schmidt, Medical Director and founder of ORTHOPARC. “ATOS is a partner offering an attractive long-term outlook to our company, its employees and our excellent medical services portfolio. At the same time, our patients as well as the clinic’s employees will also benefit from sharing know-how and experiences with our colleagues at the other ATOS clinics.”
Schmidt thanked the staff of the clinic for their commitment in the years since its foundation and specifically for its support also in economically difficult times. Schmidt further emphasized the central role of head physicians André Morawe and Charilaos Christopoulos in the medical profiling of the clinic. The transaction is not associated with any changes for the patients or staff at ORTHOPARC clinic.
Located in Cologne-Junkersdorf, ORTHOPARC clinic was founded in 2011 as a private clinic focussed on orthopaedic surgeries and it is housed in a modern, custom-built hospital. ORTHOPARC has gained highest reputation as a centre of orthopaedic excellence offering leading standards of medical care in a hotel-like environment. ORTHOPARC currently has around 100 employees and almost 50 beds.
ATOS was spun off from MEDIAN in August 2016 to pursue an independent growth strategy with the support of is main shareholder, Waterland. The initially three orthopaedic clinics in Munich, Heidelberg and Braunfels delivering best-in-class medical standards form the platform of ATOS group. ATOS already acquired STARMED clinic in Munich recently.
With the support of its owner Waterland, ATOS intends to position itself in the German market as a specialist clinic group with a growth strategy geared to the acquisition of further specialist clinics. ATOS will achieve growth through partnerships with experts and specialist clinics with up to 100 beds. Initially, it will focus on elective orthopaedic procedures such as endoprosthetics. In future, it could expand this focus to include other indications.
ATOS currently has four clinics. Two of them, ATOS Heidelberg and ATOS Munich, are operating very successfully under the ATOS brand for many years. The other clinics are the leading Braunfels Orthopaedic Clinic in Hesse and the STARMED clinic in Munich. ATOS has more than 300 beds and around 350 employees. It was spun off from MEDIAN in August 2016 and is owned by a fund that is managed by Waterland Private Equity.