Medicover’s Acquisition of MeinDentist

CMS advised Medicover on the deal.

Medicover, a leading international healthcare and diagnostic services company, has signed an agreement to acquire the business of MeinDentist.

MeinDentist is a leading provider in the Berlin area consisting of 16 clinics, 15 in Berlin and 1 in Potsdam with 147 dental chairs. Eight of the clinics are mature and the others are in development phase. Revenue for 2021 amounted to EUR 31.4 million, whereof two thirds are public pay and one third is private insurance and Fee-For-Service.

Medicover is a leading international healthcare and diagnostic services company and was founded in 1995. Medicover operates a large number of ambulatory clinics, hospitals, specialty-care facilities, laboratories and blood-drawing points and the largest markets are Poland and Germany.

The acquisition is fully paid cash on hand and debt free. The transaction price is not published but represents a higher single digit trailing EBITDA multiple based upon the mature clinics performance.  

The German dental market is Europe’s largest and is estimated at EUR 28.8 billion, growing 3-4 per cent per annum.

The CMS team included Dr. Igor Stenzel (Picture), Martin Cholewa, Dr. Huy Do Chi, Siegfried Etzkorn, Dr. Rolf Hempel, Dr. Sören Langner, Niklas Lütcke, Olena Mausolf, Fabian Mayer, Dr. Jens Moraht, Jeannine Pettersson, Alexander Schley, Sylle Schreyer-Bestmann, Stephanie Schulz, Lisa Maria Spohnholtz, Steven Washington, Dr. Roland Wiring, Josefine Wolff, Neil Yeats.

 

Involved fees earner: Martin Cholewa – CMS Hasche Sigle; Huy Do Chi – CMS Hasche Sigle; Siegfried Etzkorn – CMS Hasche Sigle; Rolf Hempel – CMS Hasche Sigle; Sören Langner – CMS Hasche Sigle; Niklas Lütcke – CMS Hasche Sigle; Fabian Mayer – CMS Hasche Sigle; Jens Moraht – CMS Hasche Sigle; Jeannine Pettersson – CMS Hasche Sigle; Alexander Schley – CMS Hasche Sigle; Sylle Schreyer-Bestmann – CMS Hasche Sigle; Lisa Maria Spohnholtz – CMS Hasche Sigle; Igor Stenzel – CMS Hasche Sigle; Roland Wiring – CMS Hasche Sigle; Josefine Wolff – CMS Hasche Sigle; Neil Yeats – CMS Hasche Sigle;

Law Firms: CMS Hasche Sigle;

Clients: Medicover Holding;

Federica Tiefenthaler

Author: Federica Tiefenthaler