I Squared Capital launches elderly care platform in Germany
Infrastructure investment manager I Squared Capital has expanded its European social infrastructure footprint with the acquisition of a portfolio of elderly and specialist health care homes in South West Germany, currently operated by Römergarten Residenzen and Römergarten Senioren-Residenzen Ba-Wü.
Established in 2012 and based in Schifferstadt, South West Germany, Römergarten currently operates elderly care residences in the federal states of Rhineland-Palatinate, Hesse and Baden-Württemberg, providing a range of services, including nursing care, assisted living and specialised dementia care. Römergarten has a portfolio of modern nursing homes across 20 sites, with 2,000-plus beds.
I Squared Capital recognises the need for new and sustained investment in elderly care facilities in Germany and across Europe, to meet the growing demand arising from an ageing population in the region. Römergarten is well suited to meet this demand and provides a strong platform on which to build an elderly care business of scale in Germany through development of new facilities, best-practice care provision, and expected further consolidation within the sector.
This acquisition builds on I Squared Capital’s existing experience in European healthcare with Domidep, one of France’s largest private operator of elderly care homes, acquired in 2019.
Adil Rahmathulla, Managing Partner of I Squared Capital, says: “Römergarten has an excellent track record of providing high-quality care to its residents in Germany. As an established, long-term investor with a strategic ambition to build a European health care platform of scale, I Squared Capital looks forward to supporting the growth of essential health and social care providers. Our existing investment in Domidep means we are well placed to work with the experienced Römergarten management team to grow the business, while ensuring best practice and high standards of care for residents.”