The acquisition will enable Performation to expand its connected care ecosystem and accelerate its entry into new healthcare segments, including primary care, mental health, and rehabilitation.

Since Gilde Healthcare’s investment in 2017, Performation has completed seven strategic acquisitions and expanded beyond hospitals into adjacent healthcare verticals. The company now supports more than 200 healthcare institutions, including all hospitals in the Netherlands, with a growing presence in Belgium and Germany.

Gilde Healthcare general partner Hugo de Bruin told Real Deals that Performation’s revenues more than doubled to over €20m during the holding period, while profitability tripled. Although the private equity firm did not disclose financial details, de Bruin noted that the company has transformed from a founder-led business into a market-leading healthtech platform.

The sale process attracted strong interest from both strategic buyers and private equity sponsors. European healthcare IT is poised for accelerated growth, driven by AI advancements and the increasing importance of real-world data, de Bruin added.

Enovation was acquired last year by Legrand from Main Capital Partners in a deal reportedly valued at over €500m.

William Blair acted as corporate finance adviser on the transaction, with Deloitte providing financial and tax due diligence. EY Parthenon conducted vendor commercial and IT due diligence, while A&O Shearman advised on legal matters.

Source: Real Deals

If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com.