Healthcare

Cinven has been investing in global healthcare businesses over a 20-year period and invests in market-leading, cash-generative companies. Over the past two decades, we have built up a sector team with a strong industry network, extensive knowledge of the healthcare marketplace and a track record of successfully concluding transactions.

Globally, government healthcare budgets remain under pressure from specific long-term trends. In particular, ageing populations are driving demand for medical support and treatment at the same time as advances in medical technology are offering more and more cures, raising patient expectation and consequently increasing expenditure per patient. As a result of these trends, there is a tension between the more aggressive approach taken by governments towards reimbursement and the demand from society for ever-improving medical care.

There are opportunities for private equity investment in many countries. Key areas include:

  • growing efficient, focused, private companies that offer medical services at cheaper rates than the fully-costed equivalent within the public sector, thereby helping reduce government expenditure;
  • developing and transferring best practices between healthcare businesses, based on comparisons of global healthcare markets and management practices; and
  • the clinically important sector of diagnostics and medical technology which is helping manage people's well being.

 

Selected investments

Name Activity Country
AMCo Niche speciality pharmaceuticals UK, Global
Bioclinica Clinical Trials US, Global
General Healthcare Hospital operator UK
Générale de Santé Hospital operator France
Internacional de la Medicina Distribution of medical products Spain
Medpace Contract research organisation US, Global
Partnerships in Care Secure psychiatric hospital operator UK
Phadia In-vitro diagnostics – Allergy testing Sweden, Global
Sebia In-vitro diagnostics – Protein testing France, Global
Spire Healthcare Hospital operator UK
Synlab Clinical diagnostic laboratories Europe, Global
USP Hospital operator Spain
Vantios Opticians UK and other countries
Healthcare
Supraj Rajagopalan
Supraj leads the Healthcare sector team and the Business Services sector team. He has worked on a number of transactions, including Ahlsell, AMCo, Bioclinica, CeramTec, Medpace, Phadia, Sebia, Spire Healthcare and STADA.
Nicolas Paulmier
Nicolas is Head of the Paris office and is a member of the Business Services, Healthcare and TMT sector teams and the regional team for France. He has been involved in a number of transactions, including Aprovia, CHRYSO, Frans Bonhomme, Générale de Santé, Numericable Group, Prezioso and Sebia.
Alex Leslie
Alex is a member of the Healthcare sector team, the Americas regional team and leads Cinven’s investment activities in the US. He has been involved in a number of transactions, including AMCo, Bioclinica, Medpace, Spire Healthcare and Synlab.
Pierre Estrade
Pierre is a member of the Business Services and Healthcare sector teams and the regional team for France. He has worked on a number of transactions, including Prezioso, Sebia and Synlab.
John Richardson
John is a member of the Healthcare sector team and the Americas regional team. Prior to joining Cinven, John worked at Metalmark Capital where he co-led the Healthcare sector team. Before joining Metalmark, he worked at Citadel, Cressey & Company and Merrill Lynch.
Anthony Santospirito
Anthony is a member of the Business Services sector team. He has been involved in a number of investments, including Premium Credit Limited.
Jan-Nicolas Garbe
Jan-Nicolas is a member of the Healthcare and Industrials sector teams and the regional team for Germany and Central Europe. He has most recently worked on the AMCo, CeramTec, SLV, STADA and Synlab transactions.
Matthew Norton
Matthew is a member of the Healthcare sector team. He has been involved in a number of transactions, including AMCo, Medpace, Northgate Public Services, Pronet, Sebia, STADA, Synlab and Ufinet.
Anastasya Molodykh
Anastasya is a member of the Healthcare sector team. She has been involved in a number of transactions, including Synlab.
Karel Doorman
Karel is a member of the Healthcare sector team and a member of the Benelux regional team. He has been involved in a number of transactions, including Bioclinica.