Renzenbrink & Partner advises the Rehacon Group, a portfolio company of Waterland, on the acquisition of the fysioconcept Group from the Krefeld area

Renzenbrink & Partner has advised the Rehacon Group, a portfolio company of Waterland, on the acquisition of the fysioconcept Group from the Krefeld area from the founder Mr. Beulen. The transaction is expected to be completed shortly.

The Rehacon Group, headquartered in Gelsenkirchen, is one of the largest providers in the European physiotherapy market with over 150 therapy centers nationwide. The first therapy center of the Rehacon Group was founded in 1992. In total, the Rehacon Group employs more than 800 people and most recently generated annual sales of around EUR 36 million.

With around 80 employees and four locations, the fysioconcept Group is one of the largest providers of physiotherapy services in the Krefeld area. With this acquisition, the Rehacon Group is strengthening its regional presence in the Lower Rhine region and expanding its services to include services for competitive athletes, among others. Together with the fysioconcept Group, the Rehacon Group intends to further consolidate its network of practices and enter into additional partnerships with clinics. The founder and Managing Director of the fysioconcept Group, Mr. Beulen, will remain associated with the Group and will continue to support its further development in a leading operational role. In the future, the Rehacon Group will grow by integrating additional therapy centers, thereby further expanding its position in the highly fragmented physiotherapy market.

As part of its buy-and-buy strategy, Renzenbrink & Partner has already advised the Rehacon Group on the acquisition of the physiotherapy service provider Anita Brüche from Hamburg in April 2019. Renzenbrink & Partner provided comprehensive legal advice to the Rehacon Group on the acquisition of the fysioconcept Group. The team consisted of partner Dr. Ulf Renzenbrink (Corporate/ M&A) and associates Dr. Alexander Haunschild and Pablo Albrecht (both Corporate/ M&A).