Private equity firm Nordic Capital has acquired Alloheim, the second largest private care home operator in Germany.
Alloheim is headquartered in Dusseldorf and offers nationwide care services for different age groups. It currently operates 170 stationary care homes, 52 assisted living locations and 17 ambulatory care services.
It opened its first home in 1973 and now looks after up to 20,000 residents, employing 14,500 medical professionals and staff.
The business offers a variety of specialised care including advanced dementia, youth and psychiatric care and artificial respiration.
The investment by Nordic Capital will be used to support the management’s current strategy and to invest in further expanding the facilities and services the business offers.