Bird & Bird advises KORIAN on acquisition of Qualivita

Munich — Bird & Bird LLP has advi­sed KORIAN Deutsch­land AG on the acqui­si­tion of the care divi­sion of Quali­vita AG.

With the hando­ver of the care busi­ness of Quali­Vita AG to KORIAN, the foun­der Jana Schulz wants to provide her company with a strong and sustainable part­ner. Start­ing with the opening of the first home in Ilsede in 2001, the company headed by Jana Schulz has built up almost 800 beds, outpa­ti­ent services and day care faci­li­ties in Lower Saxony and North Rhine-West­­pha­­lia to enable elderly people and those in need of care to lead largely auto­no­mous, self-deter­­mi­­ned and safe lives. — The Cartel Office has not yet given its appr­oval for the take­over. KORIAN has a large Euro­pean network and at the same time relies on the local ancho­ring of the faci­li­ties in their commu­ni­ties and neighborhoods.

KORIAN Germany is part of the KORIAN Group, Europe’s leading network of care homes and, with over 235 care faci­li­ties and outpa­ti­ent services, Germany’s largest private opera­tor of care and nursing services. The Quali­vita Group opera­tes more than 15 care faci­li­ties in Germany with a total of around 1,000 beds, inclu­ding inpa­ti­ent and outpa­ti­ent faci­li­ties as well as day care centers.

In order to take over the care divi­sion of the Quali­vita Group, exten­sive restruc­tu­ring measu­res were neces­sary between the signing of the purchase agree­ment and its closing, which were imple­men­ted, among other things, by means of a combi­na­tion of share and asset deal.

Advi­sors to KORIAN Germany: Bird & Bird 
Part­ner Stefan Münch (Part­ner) and Coun­sel Michael Gass­ner (both Corporate/M&A, Munich, lead) and Asso­ciate Jan Medele (Corporate/M&A, Düssel­dorf). Part­ner Thomas Hey and Asso­ciate Chris­tian Wirtz (both Labor Law, Düssel­dorf), Part­ner Dr. Markus Körner and Coun­sel Thomas Urband (both IP, Munich), Part­ner Dr. Jörg Witting, Coun­sel Dr. Stephan Wald­heim and Asso­ciate Marcio da Silva Lima (all Anti­trust, Düssel­dorf), Coun­sel Elie Kauf­man, LL.M., Asso­cia­tes Markus Stel­zig and Mari­jana Simo­nova (all Real Estate, Frank­furt and Munich, respec­tively) and Part­ner Dr. Henri­ette Picot and Asso­ciate Lara Ueber­feldt (both Data Protec­tion, Munich).

About Bird & Bird
Bird & Bird is a leading inter­na­tio­nal law firm with over 1,300 lawy­ers in 30 offices in 20 count­ries in Europe, the Middle East, Asia Paci­fic and North America. In Germany, we are repre­sen­ted by more than 220 lawy­ers in Düssel­dorf, Frank­furt, Hamburg and Munich and also have a presence in Berlin. We focus our consul­ting in parti­cu­lar on indus­trial sectors that are deve­lo­ping new tech­no­lo­gies and helping to shape digi­ta­liza­tion or are being chan­ged by it. Our attor­neys cover the full range of busi­ness and corpo­rate law, parti­cu­larly in areas where tech­no­logy, regu­la­tion and intellec­tual property play a special role. To learn more about us, visit www.twobirds.com.