German Equity Partners IV (GEP IV), a fund managed by the independent German private equity firm ECM Equity Capital Management, has acquired the MediFox Group, headquartered in Hildesheim, in partnership with the company’s management in an ownership succession transaction.
The founder and majority shareholder, who has developed MediFox Group to become a leading software provider in the market for nursing care in Germany, will withdraw from the business. In 2010 he transferred responsibility for daily operations to the current managing directors Christian Städtler and Dr Thorsten Schliebe.
As part of the transaction the management team of the MediFox Group has acquired a significant equity stake in the company. Size of the shareholding, purchase price and further details of the transaction were not disclosed.
The MediFox Group is comprised of three subsidiaries. MediFox GmbH is a provider of specialised software solutions for ambulatory nursing care service providers and nursing care homes in Germany. BFS Abrechnungs is the second largest invoicing and factoring service provider in the German nursing care market. CareNavigator operates a specialised web portal which facilitates the exchange of health data among care providers, physicians, patients and relatives.
Schliebe says: “We have set market standards with our specialised and user-friendly software products for ambulatory and stationary nursing care homes. We are convinced of the potential for the continuous positive development of the MediFox Group. Together with our excellent team we expect to further grow the business and successfully access related markets.”
Axel Eichmeyer, managing director of ECM, says: “The MediFox management team has successfully developed the company in recent years. Based on its leading market position, a highly scalable business model and innovative service offerings we consider MediFox to be an attractive investment for GEP IV. We look forward to supporting this dynamic company in realising its growth potential.”
