Binder Grösswang Advises SeneCura Group on Acquisition of St. Veit an der Glan Therapy Centre
Binder Grösswang advised the SeneCura Group on the acquisition of the therapy centre operated by the municipality of St. Veit an der Glan. The therapy centre is an outpatient clinic for physical medicine, with a capacity of 46 therapy spaces and a total annual treatment volume of around 92,000 treatments.
The transaction, which took the form of a share deal, was signed and closed on 28 October 2020.
SeneCura operates 85 health and nursing care facilities in Austria, 19 in the Czech Republic, three 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, operating in 22 countries on three continents with a network of 1,014 healthcare facilities that have a total of some 104,000 beds.
The Binder Grösswang team for this transaction comprised Markus Uitz (partner, real estate / M&A) and Michael Delitz (senior associate, real estate / M&A). Also involved in the transaction were the employment law specialists Angelika Pallwein-Prettner (partner) and Manuel Müllner (senior associate).