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Binder Groesswang Advises SeneCura Group on Acquisition of St. Veit/Glan Therapy Center

Binder Groesswang Advises SeneCura Group on Acquisition of St. Veit/Glan Therapy Center

Austria
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Binder Groesswang has advised the SeneCura Group on its acquisition of Austria's St. Veit/Glan therapy center. The signing and closing of the share deal took place on October 28, 2020.

St.Vein/Glan therapy center, which is operated by the municipality of St. Veit an der Glan in Austria, is an outpatient clinic for physical medicine with a capacity of 46 therapy places and a total annual treatment volume of around 92,000 treatments. According to Binder Groesswang, “SeneCura operates 85 health and care facilities in Austria, 19 in the Czech Republic, 3 in Slovenia, and one in Croatia, making it one of the market and innovation leaders in the private care sector in the CEE region. Since April 2015 SeneCura has been part of the French group ORPEA, which specializes in long-term care, post-acute care, and psychiatric care, with a presence in 22 countries on three continents and a network of 1,014 healthcare facilities with around 104,000 beds.”

Binder Groesswang’s team included Partners Markus Uitz and Angelika Pallwein-Prettner and Senior Associates Michael Delitz and Manuel Muellner.

Binder Groesswang could not provide additional information on the deal.

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