About the deal
After economically difficult years for hospitals in Germany, Stiftung Allgemeines Krankenhaus Celle has run into financial difficulties. For this reason, a possible sale of Klinikum Peine was to be evaluated. In the course of the process, the economic situation of Klinikum Peine gGmbH deteriorated further, which is why a planned insolvency followed. Out of this insolvency, the hospital was transferred to municipal ownership on October 1, 2020. The district of Peine took a 70% stake in the company and the city of Peine a 30% stake.
Klinikum Peine is a hospital providing basic and standard care in Lower Saxony with a largely regional reach. It is the only hospital in the city of Peine. The hospital offers basic medical care in the fields of general surgery, vascular surgery, accident surgery, geriatric medicine and internal medicine. With just under 300 beds and 14,000 patients per year, it is one of the medium-sized hospitals in Germany.
With a total of 615 beds, the Allgemeines Krankenhaus Celle, a foundation under civil law, is one of the largest acute care hospitals in Lower Saxony. A total of 26 hospital units, including 3 intensive care units, provide inpatient care for around 30,000 patients each year. With around 1,900 employees, including 230 doctors and 750 nurses, the foundation is one of the largest employers in the region.
What we did
Sell-side advisory to the management of Klinikum Peine gGmbH
- Preparation of the transaction and all marketing documents (teaser, information memorandum)
- Approach of potential buyers
- Analysis of indicative bids
- Preparation and coordination of due diligence process including data room and Q&A
