Paris, August 28, 2017
Altana advised the Bastide Le Confort Médical group in five external growth transactions in France, four in Respiratory Assistance service delivery and one in the online sale of at-home care consumables.
The group, in keeping with its growth strategy to rapidly strengthen its presence in the most promising and profitable sectors, has acquired four companies specializing in respiratory assistance:
They generate annual revenues of almost €6 Million and accompany close to 7,000 patients. The Bastide Le Confort Médical group now follows more than 47,000 patients, confirming its position as a key player in the market.
Furthermore, the group finalized the acquisition of Sphère Santé, leader in the online sale of products for urinary disorders, with more than 280,000 clients served since its founding. Sphère Santé generates close to €10 Million in annual revenues.
It should also be noted that the group has become the majority shareholder in Ulimed, a company specialized in enterostomal therapy, with a 51% stake (previously 26%). This company generates €8 Million in annual revenues
With these five acquisitions, the Bastide Le Confort Médical group consolidates more than €23 Million in additional annual revenues. All five transaction were financed by the Group’s new syndicated credit facility announced last July.
Counsel to Bastide Le Confort Médical
Altana: Arnaud Fayolle and Marie-Renée Mbock
Counsel to Apnéa Médical
ACD: Philippe Sester
Counsel to Cardair
Frédérique Moehrel
Counsel to Human’air
Oratio Avocats: Julien Pineau
Counsel to Air Médial Santé
Claude Dauriac
Counsel to Sphère Santé
Grégoire Finance and Vincent Pellier
About Altana
Altana is an independent Paris-based business law firm of 80 lawyers with multi-disciplinary teams offering a combination of transactional and litigation expertise in the following areas:
Arbitration/Mediation, Competition/Distribution, Construction & Real Estate Law, Corporate/M&A, Criminal Law, Employment, Insurance, Intellectual and Digital Property Law, Litigation, Public Economic Law and Restructuring.
All 80 lawyers, including 22 partners, share the common values of entrepreneurial spirit, independence, commitment, international perspective, lasting and privileged client relations, effective involvement by the partners in each case, pragmatic and innovative solutions.
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