Korian to acquire ITA Mental Health Group from Magnum Industrial Partners.

Korian, a French care services group, agreed to acquire ITA Mental Health Group, the third largest player in mental health in Spain, from Magnum Industrial Partners, a private equity firm. Pending usual regulatory authorisations the acquisition is expected to close in a few months. Financial terms were not disclosed. “This acquisition follows our strategy to enlarge our offering from elderly care to continuous care for different conditions on a European wide basis. The management and teams of ITA Mental Health has developed a renowned expertise is behavioural, eating and mood disorders. We look forward to continue to develop the capacities of the platform, in line with the growing needs in Spain. We will also foster close relations with the Inicea teams and build out strong core competencies across the two platform and we will continue to expand the capacity of Korian in mental health over the years to come,” Sophie Boissard, Korian CEO.