Waterland Private Equity is acquiring a majority holding in Rehacon, one of the leading enterprises in the field of physiotherapy services in Germany. Financial terms were not disclosed. Rehacon runs more than 100 therapy centres, making it one of the largest providers on the market in continental Europe. The vast majority of Rehacon’s over 600 employees work directly with patients in the local therapy centres, helping the group to generate annual turnover of around €36m. Mr. Reeder, the company’s founder, will also continue to head it. “In Waterland, we have found the best partner to accelerate our growth. Their team has far-reaching experience in our market, an extremely strong network and shares our values. The next steps will be decisive: we will take them quickly, and do so together,” Michael Reeder.