HBI Deals+Insights / M&A/IPOs

Armonea enters Spain and Germany

Belgium's largest care group Armonea has bought care operations Deutsche Pflege und Wohnen (DPUW) in Germany and La Saleta in Spain. These are Armonea's first international deals, which add up to a network of 125 nursing homes with 14,000 beds and sales of €420m in total. The plan is to expand nationally upon these platforms, CEO Chris Cools says.

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