#H.I.G. Capital #London #United Kingdom #Investment #Avanta Salud

H.I.G. Capital's Strategic Move in Healthcare

H.I.G. Capital, a leading global alternative investment firm, has successfully entered into a definitive agreement to acquire a majority stake in Avanta Salud Integral, commonly known as Avanta. This move signifies H.I.G.'s ongoing commitment to investing in essential sectors such as healthcare. With approximately $70 billion in capital under its management, H.I.G. aims to leverage its extensive expertise and broad network to foster Avanta's growth and expansion.

Avanta's Legacy and Reach

Established in Valencia, Spain, Avanta has emerged as a premier provider of health and safety services, catering to over 100,000 clients and providing coverage for more than a million employees. The company boasts a robust network consisting of over 250 medical centers and mobile units, offering both mandatory and optional services that are highly regulated. Under the visionary leadership of its founder, Josep Pla, Avanta has made significant strides in ensuring employee health and safety across various industries.

Josep Pla expressed his pride in Avanta's achievements, noting, "We are incredibly proud of what we have built at Avanta, a family of nearly 2,500 exceptional professionals who thousands of businesses trust to ensure the safety, health, and support of their employees." He acknowledged that the partnership with H.I.G. Capital presents an ideal opportunity to fuel Avanta's ambition to become the foremost occupational health platform in Europe.

A Continuity That Drives Growth

Despite this major acquisition, the management team at Avanta will continue to lead the company, ensuring the continuity of client relationships and adherence to strategic execution. H.I.G. Capital plans to utilize its in-depth expertise in health services to support Avanta's ambitions of regional and service capacity expansion. Rohin Jain, the CEO of H.I.G. Middle Market Europe, commended the existing Avanta platform for its exceptional quality and integration capabilities in a highly regulated industry. He stated, "We are thrilled to partner with the management team to expand Avanta’s regional coverage and optional service capabilities, addressing the evolving health needs of the workforce while growing the business across Europe."

Avanta's Comprehensive Service Offerings

Avanta Salud specializes in mandatory and legally required health services, such as health monitoring, risk engineering, technical prevention, training, and compliance consulting, making it essential for employers across numerous sectors to adhere to stringent health and safety legislation in Spain and Europe.

In addition to its core offerings, Avanta has branched out into optional employee health services designed for return on investment. These include mental health support, absenteeism management, on-site medical services, and other preventive care interventions. As businesses increasingly recognize the importance of employee well-being for productivity enhancement, these optional services are being widely adopted, helping employers differentiate themselves in a competitive labor market.

About H.I.G. Capital

Based in Miami with several international offices, H.I.G. Capital is a globally recognized alternative investment firm that manages a diverse portfolio of investments. The firm's main focus is on providing growth capital to mid-market businesses through a flexible approach that emphasizes operational effectiveness and value creation. Since its inception in 1993, H.I.G. has invested in and managed over 400 companies worldwide, a testament to its successful investment strategy.

H.I.G. Capital and Avanta’s partnership represents a promising future for health and safety services in Europe, aiming to not only expand operations but also to lead initiatives that foster a healthier workforce. For more information about Avanta Salud and its services, please visit avantagrupo.com.

To learn more about H.I.G. Capital and their investment philosophies, visit hig.com.