Quiron and USP Hospitals Merger approval

The Commission on Protection of Competition has given approval to the merger of Quiron Hospital Group (GHQ) and USP Hospitals. Thus, we will assume the joint management of the two groups, which will add resources, technology and expertise for the benefit of the patient. The merger will create the largest private hospital in Spain, with 46 centres and presence in 16 provinces and 29 cities. Maria Cordon Muro, until now CEO of Quiron Hospital Group, will be the new CEO of the group.

The company resulting from the merger will take the name of Quiron Hospital Group, SA

The union of the two groups will lead the private health sector in Spain and reach the end of 2012, a combined turnover of approximately 650 million euros, with agreements with all health insurers.

The operation stems entry Quiron shareholders investment fund Doughty Hanson, who last April agreed to buy 37.7% stake owned by the Portuguese group Jose de Mello Saúde. As a result of this transaction, Quiron and Doughty Hanson, owner turn of USP Hospitals, agreed to integrate the management of the two hospital groups and merge the two companies, a process that has been authorized by Competition.

This merger represents the challenge of making the best practices of each group to get the most out of these companies and consolidate their leadership positions and prestige in the private health sector in Spain. At the same time, the joint will share knowledge and capture synergies, will result in greater efficiency and, above all, on improving the quality of care for patients.

The new group

The group resulting from the merger will have an internationally renowned medical staff, the largest sector, will be the first in Spain in number of patients treated and surface care, and will manage 46 health centres, more than 2,250 hospital beds, 6,500 related medical and 600,000 hospital stays per year. In 2011, Quiron and USP recorded a total of 835,112 emergencies attended, 185,268 surgeries, 17,223 births, more than 10,000 cycles of assisted reproduction and about 40,000 cancer treatments.

The largest private hospital network in Spain will have 19 general hospitals in La Coruna, Adeje (Tenerife), Barcelona, Erandio (Vizcaya), Madrid, Malaga, Marbella, Murcia, Palma de Mallorca, Pozuelo de Alarcón (Madrid), San Sebastian, Santa Cruz de Tenerife, Sevilla, Torrevieja (Alicante), Valencia, Vitoria and Zaragoza, two hospitals day in Playa de Muro (Mallorca) and Zaragoza, four specialized centers for assisted reproduction in Bilbao, Murcia, Pamplona and Torrente (Valencia) , four eye centers in A Coruña, Badalona, Barcelona and Girona, two sports medicine centers in Vitoria, and 15 counseling centers in different specialties in La Coruna, Ferrol (A Coruña), Fuengirola (Málaga), Lorca (Murcia), Orihuela (Alicante), Palma de Mallorca, Santa Pola (Alicante), Sa Pobla (Mallorca), Sevilla and Torrevieja (Alicante).