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POLIKUM

POLIKUM

Invested:
December 2009

Exited:
December 2014

Sector:
Healthcare

Headquarters:
Berlin, Germany

Region:
Germany

Business:
Operator of Outpatient Healthcare Centres

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Business at time of investment

POLIKUM managed three Outpatient Health Centres (“OHC”) in Berlin.  These centres provide ambulatory general medicine and other specialities like childcare, physiotherapy and cardiology to statutory patients.  The current three OHCs employ over 205 physicians, nurses and support staff

Investment rationale

The provision of cost efficient medical services has been the major focus of the German health authorities over the last years.  Since 2004, the German health authorities have launched a series of reforms to improve efficiency and reduce costs.  The majority of these reforms promote cooperative network structures in the less cost-intensive outpatient care setting.  OHCs were introduced in 2004 for this purpose and have rapidly grown in numbers since.  There are currently more than 1,200 OHCs, which employ around 5,000 physicians out of a total of over 125,000 in Germany. 

POLIKUM focuses on public healthcare and together with a handful of other multi-site OHCs, have pioneered the German outpatient market.  Palamon’s objective is to build the business and create the leading German OHC operator.

Value creation

  • Regional expansion: Set up a second regional cluster in Leipzig by acquiring outpatient rehabilitation clinic Medica in May 2010 and acquiring a small diabetes clinic in November 2010
  • Strengthened management capabilities: CFO, Chairman of the board and experienced Group Commercial Managing Director.
  • Enhanced operational efficiency

At exit

POLIKUM had established several German regional clusters to complement its original outpatient healthcare centre, including an OHC in Leipzig. It employed around 500 staff.