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Vitalia closes another acquisition in the geriatric sector

14/10/2015

Within its expansion plan the group Vitalia Home has just closed a new acquisition which means its landing in the center area.

Vitalia has bought the group Solyvida, manager of five residences in the communities of Madrid and Castilla-La Mancha. The operation allows Vitalia to incorporate 917 beds and 175 daytime stays, positioning the company as the eighth group managing beds in the country, with a total of 26 open residences.

The acquisition of Solyvida, with a turnover of €18M and 500 workers at the end of 2014 and the last operations closed this year, allow to place the group’s annual sales around €70M. This figure is close to the target of €80M set by Vitalia months ago, after the entry of Portobello Capital into the shareholders group. The Company then confirmed its plans for the organic growth and continued to make acquisitions in the dependency sector.

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