Celenus SE’s Acquisition of a Majority Stake in Inoges group

Heuking Kühn Lüer Wojtek advised on the deal

Heuking Kühn Lüer Wojtek advised Celenus SE, a subsidiary of publicly listed Orpea S.A., on the acquisition of a majority stake in Inoges group. The company’s founder Wolfgang K. Hoever will stay on after Orpea’s entry as a new majority shareholder and continue to advance the company’s expansion.

Inoges group is a leader in outpatient rehabilitation in Germany and also operates two inpatient rehabilitation facilities. The group further focuses on outsourcing for hospitals, the management of integrated care contracts, rehabilitation sports, and services for occupational health management. More than 1,000 employees at sites managed a volume of 5.2 million patient appointments in 2016, generating revenue of some EUR 50 million. Inoges group’s regional focus lies on North Rhine-Westphalia, Hesse, and Bavaria.

Paris-based publicly listed Orpea is a leading European nursing and rehabilitation operator with some 800 healthcare facilities and over 82,000 beds across Europe. In 2016, Orpea’s generated revenue of about EUR 2.5 billion.

Celenus SE is a member of Orpea group and is headquartered in Offenburg. It operates 17 rehabilitation clinics in Germany with about 3,000 beds and two outpatient day centers, making it one of Germany’s largest private operators of rehabilitation facilities. Celenus’ specialist treatment offering includes both post-acute aftercare with specializations, particularly in orthopedics, oncology, cardiology, and neurology, as well as the treatment of psychiatric illnesses such as depression and eating disorders.

The acquisition of the majority stake in Inoges group is subject to approval by the antitrust authorities and is expected to be closed in January 2018.

Heuking Kühn Lüer Wojtek advised Orpea/Celenus with a team including Boris Dürr (Picture, M&A), Oliver Treptow (Health Care/M&A), Daniela Szczesny (Corporate/M&A), Ricarda Marschall (Corporate/M&A), Fabian Becker (Corporate/M&A), Christian Schild (Corporate/M&A), Peter M. Schäffler (Tax), Astrid Wellhöner (Employment), Judith Neu (Employment) Philip Wenninger (Employment), Lutz Martin Keppeler (IT), Christoph Nöhles (Real Estate) and Leonie Schwarzmeier (Real Estate).

Involved fees earner: Boris Dürr – Heuking Kühn Lüer Wojtek; Oliver Treptow – Heuking Kühn Lüer Wojtek; Daniela Szczesny – Heuking Kühn Lüer Wojtek; Ricarda Marschall – Heuking Kühn Lüer Wojtek; Fabian Becker – Heuking Kühn Lüer Wojtek; Christian Schild – Heuking Kühn Lüer Wojtek; Peter Schäffler – Heuking Kühn Lüer Wojtek; Astrid Wellhöner – Heuking Kühn Lüer Wojtek; Judith Neu – Heuking Kühn Lüer Wojtek; Philip Wenninger – Heuking Kühn Lüer Wojtek; Lutz Martin Keppeler – Heuking Kühn Lüer Wojtek; Christoph Nöhles – Heuking Kühn Lüer Wojtek; Leonie Schwarzmeier – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: Orpéa SA; Celenus;