Medica France Profile

Company: 
Medica France
Author: 
Jane Lethbridge
Date published: 
2010

39 rue Gouverneur General Eboue

Issy Les Moulineaux

France
Tel : 33 01 41 09 95 20,

Fax : 33 01 45 95 51 80

 

http://www.groupemedica.com/en/group/

 

Number of employees: 6,400

 

EWC: NO – ELIGIBLE

 

1.1.1      Strategy and activities

 

Medica Group runs 120 nursing homes and clinics with 8,346 beds.  The company moved into the Italian market in 2005, when it bought a majority share in Aetas, an Italian care company with 11 nursing homes and 741 beds.  In 2006, it bought a further four homes in Lombardy and Piedmont.[i]

 

Bridgepoint Capital and Alpinvest, bought 70% of Medica France from Caisse de Depots, a Quebec fund manager for public and private pension funds, in 2003, [ii] but sold it in 2006 to BC Partners for €750m.[iii]  BC Partners floated Medica France in February 2010.  It is now known as Medica Group.

 

Revenues

 

€m

2008

2009

Revenues

448.8

480.7

Ebitda

78.3

84.6

Source: 2009 Medica Group Financial Report

 

Revenue by sector

 

 

€m

% of revenue

Employees

€m

% of revenue

Employees

Long term care France

266.9

59.5

4,244

289.6

60.2

4,350

Post-acute & psychiatric care – France

134.8

30.0

1,742

141.4

39.5

1,705

Italy

47.2

10.5

253

49.7

10.3

267

Total

448.7

 

6,240

448.8

 

T6,322

 

Source: Medica Annual, 2009