DomusVi to acquire advita from Adiuva and MMTF.

DomusVi, the third biggest private player in the nursing home sector in France, agreed to acquire advita, one of the German housing specialists and integrated outpatient care for the elderly, from investors Adiuva and MMTF. Financial terms were not disclosed. "We firmly believe that the ‘advita Haus’ is a relevant concept, meeting the legitimate desire to grow old ‘at home’ while enjoying a wide range of easily accessible social activities, services and healthcare. We are delighted to be able to support the current management team in executing its development plan and benefiting from the expertise of Mr. Faensen, long-time general partner of advita, who remains minority shareholder at our sides. This acquisition is a major step in the implementation of our ‘Domus2025’ Strategic Plan," Sylvain Rabuel, DomusVi CEO.