Compagnie Industriali Riunite S.p.A. (CIR) and F2i Healthcare, a company controlled by the F2i Second Fund, have completed a few days ago the purchase from Ardian for €292 million (US$328 million) of 46.7% of KOS, the company of the CIR group that is one of the main national operators in the healthcare and care-home sector. The deal had been announced on March 16th.

More specifically, F2i Healthcare has purchased an interest in KOS from Ardian for €240 million (US$270 million), while CIR has bought the remaining part for €52 million (US$58 million). At the same time, CIR also bought the remaining interests from management and other minority shareholders for € 33 million. As of today, therefore, the shareholding structure of KOS consists of CIR with 62.7% and F2i Healthcare with 37.3%.

KOS is a leading Italian healthcare group that operates in the area of social health, residential care for chronic illnesses, rehabilitation and mental health services. 

The KOS Group operates in 11 Italian regions and two foreign countries; it has a total of over 7,100 beds. KOS manages 77 facilities in Italy: 51 nursing homes; 10 rehabilitation centres; 11 psychiatric treatment communities and 3 mental health clinics; 2 hospitals. It also operates 22 outpatient rehabilitation and diagnosis clinics and 30 diagnosis and therapy service centres.