Taylor Wessing advises NORD Holding and Zentrum Gesundheit on the acquisition of Klinik Flechsig

Zentrum Gesundheit, a portfolio company of NORD Holding and the leading ophthalmology group in Lower Saxony, has acquired Klinik Flechsig GmbH in Kiel. Led by Frankfurt based partner Michael Stein, the international law firm Taylor Wessing has provided comprehensive legal advice to NORD Holding and Zentrum Gesundheit on the transaction. Taylor Wessing has already advised NORD Holding on the acquisition of Zentrum Gesundheit in 2019.

Klinik Flechsig is a clinic for ear, nose and throat diseases in Kiel, which is included in the current hospital plan of the state of Schleswig-Holstein with 17 beds for ear, nose and throat medicine. With the acquisition of Klinik Flechsig GmbH, Zentrum Gesundheit opens up the option for further add-on transactions.

The Taylor Wessing team repeatedly demonstrated its cross-disciplinary expertise in Healthcare M&A, regulatory and acquisition finance in this deal. This transaction once again demonstrates the firm's successful positioning in the field of Healthcare M&A - also for private equity investors - and thus the implementation of its long-standing strategy.

About NORD Holding:

With its 50-year history and assets under management of two billion euros, NORD Holding is one of the leading private equity asset managers in Germany with a focus on direct and fund investments. The direct investments division of NORD Holding focuses on structuring and financing company succession models, acquiring parts of larger groups/subsidiaries as well as on expansion financing of medium-sized companies. Currently, the fund has interests in more than 15 companies in the DACH region.About Zentrum Gesundheit:

Founded as a group practice in Leer in 1990, Zentrum Gesundheit has since become the leading specialist for ophthalmology in North Germany. With 19 sites, Zentrum Gesundheit manages the largest group of ophthalmology medical care units in Lower Saxony and Bremen. The Group employs more than 313 individuals, most of whom are doctors or qualified medical assistants. As such, Zentrum Gesundheit provides the entire range of ophthalmology services under one roof, with a medical focus on the treatment of cataracts and diabetic and age-related retinopathies.

Legal advisors NORD Holding and Zentrum Gesundheit

Taylor Wessing: Lead partners Michael Stein (Partner), Christopher Peine (Salary Partner, both Corporate/M&A, Frankfurt), Dr. Oliver Klöck (Partner), Dr. Vanessa Christin Vollmar (Salary Partner), Ina Schmidbauer (Associate, all Regulatory Healthcare Law, Düsseldorf), Kathleen Munstermann (Salary Partner, Regulatory Healthcare Law, Hamburg), Ulf Gosejacob (Partner), Dr. Michael Beyer (Salary Partner), Lucas Merschmöller (Associate, all Finance, Frankfurt), Kian Böhmer (Senior Associate, Corporate/ M&A, Frankfurt), Dr. Lars Hagen (Salary Partner), Sarah Rafiqpur (Associate, both Real Estate, Frankfurt), Jonas Warnken (Salary Partner), Florian Schulte (Associate, both Employment, Pensions & Mobility, Hamburg), Thanos Rammos (Salary Partner), Malte Zessin (Associate, both Technology, Media & Communications, Berlin), Dr. Nora Hueck-de Maizière (Senior Associate, Private Client, Munich)