Carlsquare advised vitagroup AG on the sale of its business unit vitagroup Health Dialog, a leading German patient care coordination platform, to Legian Investment Partner, a Swiss healthcare-experienced mid-market investor. The transaction strengthens vitagroup Health Dialog’s foundation for long-term growth, bringing in a financially strong, healthcare-experienced investor while preserving the company’s independence and unlocking new strategic opportunities as a standalone entity.
vitagroup Health Dialog helps people gain direct and easy access to the best possible outpatient care. By effectively combining digital and in-person services, vitagroup Health Dialog improves patient care regardless of time or location. The healthMatch care platform provides patients with time- and location-independent digital access to optimal care services. Complementing this, the Telemedicine Center (‘TMZ’), with over 300 medically trained staff members and round-the-clock availability, offers comprehensive services for physician associations (‘Kassenärztliche Vereinigungen’) and statutory health insurance providers – ranging from emergency medical services and on-call physician services to appointment scheduling.
Legian Investment Partner AG is a mid-sized investment firm headquartered in Switzerland. Legian invests in financially sound companies in German-speaking countries and provides a strong new home for companies undergoing succession planning or the sale of business units. The goal is the sustainable growth of Legian’s portfolio companies for the mutual benefit of clients, employees, and shareholders. As a long-term investor, Legian acts as a strategic partner to management in corporate development, secures access to equity and debt capital, and provides support for follow-on acquisitions.
vitagroup AG divested its vitagroup Health Dialog business unit to Legian Investment Partner, a Switzerland-based mid-market investor, as part of a founder succession transaction initiated by former majority shareholder Dr. Hans-Werner Hector. The deal secures vitagroup Health Dialog’s long-term development and provides access to a financially strong, healthcare-experienced investor, while enabling new growth opportunities and preserving the company’s independence as a standalone entity. In a strong sign of continuity and commitment, the entire management team remains in place, with CEO Emek Altun co-investing in the new structure and becoming a co-shareholder. Operating from its established locations in Mannheim and Chemnitz, Health Dialog is well-positioned to scale its telemedical services and digital healthMatch platform amid growing institutional investor interest and increasing demand for remote and hybrid care models across the DACH region.
“I am delighted that vitagroup Health Dialog has found the perfect partner in Legian to ensure long-term stability and continued growth. We deliberately chose an experienced investor with proven expertise in the healthcare industry. The decision to partner with Legian – rather than a direct market participant – is a clear signal of our commitment to further expanding our leading role as an independent service provider and innovator in healthcare.” – Kamilo Kolaz, CEO of vitagroup AG
“In Legian, we have gained a partner who shares our values and our growth ambitions. Building on what we have achieved together with vitagroup, I am confident that we will further strengthen our service portfolio, drive digitalization in the healthcare sector, and become an even stronger partner for our clients. We would like to thank the deal team at Carlsquare for their professionalism and support throughout the process.” – Emek Altun, CEO vitagroup Health Dialog
Carlsquare acted as the exclusive financial advisor to vitagroup AG.