Althea

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...

UK, Switzerland

Current

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

www.althea-group.com

The metrics

2014

Acquisition Year

N/D

Transaction Value

14

Acquisitions

650+

Hospitals Served

c.20

Country Presence