Althea was established in 2014 with the vision to create the leading European independent medical equipment service provider, allowing hospitals to benefit from vendor-neutral high-quality service at an affordable cost. Through consolidation we are bringing together complementary healthcare businesses and highly skilled management teams and building a solid commercial group and supply chain infrastructure...
Althea
The investment strategy
- To create the pan-European leader in multi-vendor management of medical equipment.
- To achieve organics growth, by creating an unrivalled proposition for customers in a rapidly growing European market, to help health organisations across Europe achieve even better outcomes
- To make add-on acquisition of independent players across Europe
Milestones to date
- Althea has consolidated 14 independent players to become a leading European vendor-independent service provider and is currently focusing on integrating all acquisitions into a single group
- The combine group has seen strong sales growth since entry, both organic and inorganic through new service initiatives and cross-selling opportunities
- The group is perusing operational improvement initiative to centralise core group functions
- Strong management team at the top to centralise all major functions
The metrics
2014
Acquisition Year
N/D
Transaction Value
14
Acquisitions
650+
Hospitals Served
c.20
Country Presence