Generale de Sante Profile

Company: 
Generale de Sante
Author: 
Jane Lethbridge
Date published: 
2008

Owner: Generale de Sante

96, avenue d’Iéna
75783 Paris Cedex 16

Tel: +33 (0) 1 53 14 99

www.generale-de-sante.com

EWC:  NO eligible ?

Total employees: 18,916 employees and 4,900 medical practitioners 

Regional revenues (€ million)

Country

2005

2006

% (2006)

France

€1,351.0

€1,651.8m

94.8

Italy

€84.5

€89.7m

5.2

Total

€1,435.5

€1,741.5

100%

 

Major European subsidiaries (addresses to be added)

Company

Ownership

Country

Contact

Website

Compagnie Generale de Sante

100%

France

96, avenue d’Iéna
75783 Paris Cedex 16 Tel: +33 (0) 1 53 14 99

www.generale-de-sante.fr

 

Gle de Santa Italia SPA

 

100%

Italy

 

 

Casa Santa Rita

98.51%

Italy

Via Manin 29 51016 MONTECATINI – TERME

Tel: 00 39 0572 91 16 88 Fax: 00 39 0572 92 82 83 

www.generale-de-sante.fr

 

Generale de Sante Toscana (ex  Rugani)

98.51%

Italy

Piazza Matteotti 33 53100 SIENNE

Tel:00 39 0577 26 16 11 Fax: 00 39 0577 27 13 43

www.generale-de-sante.fr

 

Centro Cardinal Farrari

100%

Italy

Via IV Novembre, n°21 43012 FONTANELLATO

Tel: 00 39 (0)521 82 02 11 Fax: 00 39 (0)521 82 02 52

www.generale-de-sante.fr

 

Centro Diagnostico San Nicolo (Como)

100%

Italy

Via Recchi, 7 22100 COMO

Tel:00 39 031 33 81 170 Fax: 00 39 031 33 81 122

www.generale-de-sante.fr

Ospedale de Omegna

49%

Italy

 

 

 

 

Casa Di Cura San Secondo De Asti

100%

Italy

Via Pietro micca, 24 14100 Asti Tel: 00 39 0141 43 48 66 Fax:  00 39 0141 43 48 12

 

Poggio Del Sole

98.51%

Italy

Via Fra Guittone n 2 52100 Arrezo 0575 35 38 92  

Tel:  0575 27056  

E-mail: poggiodelsole@gsante.it 

 

Villa Maria Teresa

98.51

Italy

 

 

Il Pergolino

98.51

Italy

 

 

Centro Analisi A. Fleming SPA

100%

Italy

 

 

 

Company activities and strategy

Generale de Sante is a leading private healthcare company in France with 10% of the market.  The company’s aim is to be “a key player in the private hospital sector in France”.

Generale de Sante provides mental health services, oncology and radiation therapy, sub-acute care (e.g., alcohol abuse and obesity treatments) and rehabilitation (cardiac rehabilitation, orthopaedic and neurological rehabilitation) services as well as diagnostics (medical imaging and analysis) and home healthcare for elderly or disabled people.

Generale de Sante works in partnership with the public hospital sector.  This involves the creation of cooperative structures, Public Health Cooperation Associations, dividing their activities between a hospital and a clinic located on the same premises, notably in Gassin (Var), Dunkirk (Nord), and Avicenne (Ile-de-France).

In 2003, Generale de Sante main aims were to have 20% of the market share within 5 years, to pursue developments in Italy and to increase profitability.  At the end of 2003, the company had sold its Canadian residential care homes.  This also involved the removal from the scope of consolidation of two hospital investments in Venezuela and Chile.

Until June 2003, Cinven has held 44% of the shares of Sante Luxembourg  (Vivendi Universal 20% and ABN AMRO and Capital France), which held 38% of General de Sante shares.  There was an agreement at the  flotation in 2000, that Sante Luxembourg would hold shares for three years.  In June 2003, Sante Luxembourg shares were sold to Sante Holdings, an Italian holding company owned by Antonino Legresti.  Sante Holdings is backed by Efibanca, an Italian regional bank.  Sante expects to sell 8% its share capital to Eficanca.  The balance of Sante Luxembourg’s shares (6.5%) will be placed with French and UK investors with no one investor acquiring more than 1.75% shares.

Sante Holdings is chaired by Antonino Ligresti, a cardiologist and healthcare entrepreneur who was acquitted in 1997 for a fire in a ”iperbarica”  (high compression)  chamber of a clinic in Milan which caused the deaths of 11 people.  However a recent Supreme Court ruling annulled his acquittal. (17.12.2003).

In January 2006, Generale de Sante bought ten clinics from the Hexagone Hospitalisation Group, which was the largest acquisition since the company was set up.  In September 2006, the company sold various property assets to Sofco, which is part of the Gecina group.

In July 2007, Sante Developpement Europe SAS, which is owned by Antonio Ligresti, acquired 79.84% of the share capital and voting rights of Generale de Sante.  This was achieved through De Agostini SpA unit DEA Capital SpA buying Sante SA (Sante Luxembourg).  The ownership structure of Sante SA (Sante Luxembourg) is now:

  • Sante Holdings Srl (owned by Antonio Ligresti) 49%
  • DeA Capital Investment 43%
  • Mediobanca 9.99%

Sante Luxembourg and Sante Developpement Europe SAS now control 80% of Generale de Sante shares.[1]