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H.I.G. Capital Takes Major Stake in Avanta Salud

In a significant move within the investment landscape, H.I.G. Capital, a prominent global alternative investment firm managing assets worth $70 billion, has officially announced its strategic investment in Avanta Salud, a leading provider of occupational health and safety services in Europe. The deal, which grants H.I.G. a majority stake in Avanta, is poised to redefine the future of workplace health services across the continent.

The Deal Overview

H.I.G. Capital's investment in Avanta was highlighted in a recent press release, revealing that one of its affiliates has entered into a definitive agreement to acquire a controlling interest in Avanta Salud Integral (commonly known as Avanta). The agreement also sees the company's founder, Josep Pla, alongside current minority investor MCH Private Equity, reinvesting to maintain a minority stake. This collaborative effort illustrates their joint commitment to Avanta's ongoing growth and strategic initiatives.

Avanta Salud's Significance

Headquartered in Valencia, Spain, Avanta Salud has made a notable impact in the realm of occupational health and safety. The company offers a broad range of services to over 100,000 clients, managing the health and safety of more than 1 million employees through an extensive network of more than 250 medical centres and mobile units. Their services include both mandatory and elective offerings, catering to a diverse market that requires comprehensive health support.

Josep Pla, the founder of Avanta, stated, "We are incredibly proud of what we have built at Avanta, a family of almost 2,500 outstanding professionals, trusted by thousands of businesses to keep their employees safe, healthy, and supported." His vision has been instrumental in establishing Avanta as a reliable force in employee health services.

Leadership and Growth Prospects

Following the investment, Avanta's senior management will remain in place, ensuring continuity in the company's operations and client relationships. H.I.G. Capital plans to leverage its vast expertise in healthcare and business services to accelerate Avanta's growth trajectory. The investment is anticipated to enhance Avanta's capabilities significantly, as they aim to expand their regional coverage and elective service offerings in response to the evolving health needs of the workforce. This partnership seeks to build a robust platform for workplace health services throughout Europe, in alignment with the growing emphasis on employee well-being.

Rohin Jain, Managing Director at H.I.G. Middle Market Europe, expressed enthusiasm for the partnership, emphasizing Avanta's best-in-class platform and the importance of its services to employers and employees alike. "The business delivers mission-critical services while improving the health and productivity of over a million workers. We are thrilled to partner with the management team to broaden Avanta's regional coverage and elective service capabilities," Jain noted.

Avanta's Core Services

Avanta Salud specializes in providing occupational health services, which are not only mandatory but also vital for compliance with workplace regulations under Spanish and EU laws. Their core offerings encompass health surveillance, technical prevention, risk engineering, training, and consulting services. These services help businesses meet stringent health and safety obligations, showcasing Avanta's critical role in promoting safe work environments.

In addition to its mandatory services, Avanta provides elective offerings tailored to enhance employee health, including mental health support, absenteeism management, in-company medical services, and preventive care interventions. These elective services are increasingly being adopted by employers eager to maintain productivity while enhancing their employees’ well-being.

Conclusion

As H.I.G. Capital steps into this pivotal investment, the trajectory of Avanta Salud looks promising. The collaboration is expected to foster innovation within the occupational health and safety sector, addressing the challenges of an evolving workforce with enhanced services. With both parties committed to the shared vision of making Avanta a top workplace health platform in Europe, the future seems bright as they embark on this new chapter together.

For further insights into Avanta Salud and its offerings, visit avantagrupo.com.