DomusVi is a major privately-owned French care home operator that offers a full range of services for the elderly. The group is present in all segments of the sector, including medical nursing homes, non-medical nursing homes, residential services and home-care services.
We acquired DomusVi as a primary LBO in September 2014, with the ambition to transform this purely French company into an international player with a diversified revenue stream and a solid operational model. Upon acquisition, DomusVi was the #3 private player in the nursing home sector in France.
The acquisition was made possible by our strong understanding of the business and the trust-based relationship and alignment of strategic vision with Yves Journel, the founder of the group who reinvested alongside PAI.
Capturing market opportunities
Our decision to acquire DomusVi was based on market benefits from long term demographic and economic trends across Europe, the opportunity for further consolidation in a fragmented market and the potential for operational improvements.
The French nursing home market is driven by favourable demographics (e.g. the population in France aged 85 or over is set to grow at 3% per year until 2018); the country’s private nursing home sector operates a highly regulated, authorisation-controlled model. The top three private nursing home providers accounting for less than 10% of the total market, the elderly care market in France is still to be consolidated.