Alcura France Receives Acquisition Offer for its Care Services

Deal News | Apr 01, 2025 | Mutares

Mutares SE & Co. KGaA's subsidiary, Alcura France, has received an irrevocable offer from Sant Cie Group for the acquisition of its PSAD (Prestations de Santé à Domicile) home healthcare services activity. The targeted business generated approximately EUR 17 million in revenue in France in 2024. The transaction's completion is contingent upon customary conditions, including consulting relevant works councils. Johannes Laumann, CIO of Mutares, stated that Alcura France would focus on its core business, MAD (maintien à domicile), through organic growth and potential M&A activities. This strategic move aims to enhance shareholder returns by outsourcing non-core operations.

Sectors

Healthcare
Private Equity

Geography

France – The target company, Alcura France, operates in France and has reported revenue in the region.
Europe – Sant Cie Group, the bidding company, is described as a leading European player, indicating that the implications of the deal impact the broader European region.
Germany – Mutares SE & Co. KGaA is based in Munich, Germany, which is relevant to the geographical context of the transaction.

Industry

Healthcare – The article discusses the acquisition of a home healthcare services activity of Alcura France, which is aligned with the healthcare industry sector.
Private Equity – Mutares SE & Co. KGaA, being a private equity firm, is executing a strategic portfolio transaction typical within the private equity sector.

Financials

EUR 17 million – Revenue of the PSAD activity generated in France in 2024.

Participants

Name	Role	Type	Description
Alcura France	Target Company	Company	Alcura France is a wholly-owned subsidiary of Mutares SE & Co. KGaA, specializing in healthcare services.
Mutares SE & Co. KGaA	Parent Company	Company	Mutares is a private equity firm owning Alcura France, involved in strategic acquisitions and divestments.
Sant Cie Group	Bidding Company	Company	Sant Cie Group is a leading European company in homecare and ambulatory care services, intending to acquire Alcura France's care services.
Johannes Laumann	CIO of Mutares SE & Co. KGaA	Person	Chief Investment Officer of Mutares, involved in overseeing investment and divestment activities.