Belgian health care provider Orpea Group is proposing to acquire a majority of the shares of Dagelijks Leven. Dagelijks Leven realises small-scale residential care centres for residents with memory problems.
Dagelijks Leven has been operating since 2014 and has 29 locations distributed throughout the Netherlands. All locations are in the centre of their district and offer space for 20 residents. The wellness and well-being of residents is a central feature of the vision of Dagelijks Leven, whereby residents can feel at home as far as possible. The mission of Dagelijks Leven is to keep this form of residential care affordable for everyone.
Orpea Group is originally a French company incorporated in 1989 by Dr. J. Marian. Over nearly 30 years, Orpea has gained extensive experience in health care and services to the elderly and is internationally recognised as a high quality health care provider, caring for over 80,000 residents in 818 care facilities in 12 countries. Orpea has been listed on the Paris stock exchange since 2002.
NPM Capital is selling its majority stake in the care company. Paul Bisseling, investment manager at NPM Capital, says: “We do not usually invest in very small start-ups, but we were so enthusiastic about this concept that we made an exception. We are sorry to see our involvement come to an end, but we are also pleased with the arrival of Orpea.”
The management of Dagelijks Leven is pleased with its new partner: “Orpea has a huge amount of knowledge and experience that can benefit us in the Netherlands. We look forward to our cooperation and believe that it will add value for everyone.”
The residences of Dagelijks Leven are all realised in cooperation with the developer Amvest, a joint venture between Aegon and PFZW. CFO Dennis van Vugt of Amvest reacted enthusiastically to the acquisition by Orpea: “It is good to see that a quality international provider is also excited about this concept.”
The transaction is still subject to approval by NZa. The majority of the care administration offices relevant to Dagelijks Leven have now approved the deal. The works council and the relatives’ council of Dagelijks Leven have also issued positive recommendations.
There will be no initial changes for the residents and staff of Dagelijks Leven as a result of the acquisition. Later on, there will be benefits from the rich knowledge and experience available at Orpea.