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Announced

Completed

ORPEA completed the acquisition of Hestia Alliance from Ferran Olive.

Synopsis

ORPEA, a company providing elderly and other forms of care, completed the acquisition of Hestia Alliance, a health care company, from Ferran Olive, a private investor. Financial terms were not disclosed. This acquisition thus significantly strengthens ORPEA’s positioning in the post-acute care and rehabilitation and mental health sectors in Spain and provides a new development platform for these activities, for which there is a growing need.

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