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H.I.G. Capital Finalizes Strategic Investment in Avanta Salud

H.I.G. Capital, a prominent global alternative investment firm managing $70 billion, recently announced its strategic investment in Avanta Salud Integral. With this move, H.I.G. aims to take a majority stake in the Valencia, Spain-based company, enhancing its position in the vital health and safety sector for workplaces.

A Commitment to Workplace Health

Avanta Salud is a leading player in providing health and safety services at work. Serving over 100,000 clients, it boasts an extensive network utilizing more than 1 million workers, and operates through over 250 medical centers and mobile units. This new partnership aims to bolster Avanta's growth trajectory while ensuring the continuity of its existing operations, which will still be overseen by Avanta's senior management team, led by its founder, Josep Pla.

Pla expressed pride in Avanta’s accomplishments, emphasizing the harmony in their collaboration with H.I.G. He noted that together, they aspire to develop the foremost health platform for workplaces in Europe, leveraging H.I.G.'s significant expertise in healthcare and business services.

Growth and Strategy

With H.I.G.'s backing, Avanta Salud plans to expand both its regional coverage and its portfolio of elective services. This expansion is vital as it aligns with the evolving health needs of employees. As organizations worldwide face increasing demands for employee well-being, Avanta's offerings—spanning from obligatory health monitoring to optional mental health support—become increasingly relevant.

Rohin Jain, managing director at H.I.G. Middle Market Europe, remarked on the strategic nature of Avanta’s services, which enhance employers' ability to meet their critical health and safety requirements under Spanish and EU regulations. Avanta's model combines essential health services with optional ones aimed at maximizing employee productivity and morale.

Services Offered by Avanta

1. Mandatory Health Services: Such as health monitoring, technical prevention, and regulatory compliance counseling, are foundational to Avanta's operations. These services are indispensable across various sectors, ensuring compliance with stringent health and safety laws.
2. Optional Health Services: designed to enhance employee wellness, including mental health support, absence management, and internal medical services, reflect an emerging trend where employers are increasingly focused on health measures that improve workforce output and retention.

These diverse offerings place Avanta at the forefront in adapting to the competitive labor market while meeting legal obligations, ensuring it remains an attractive partner for businesses.

H.I.G. Capital’s Broader Mission

H.I.G. Capital is renowned not just for its operational expertise but for its commitment to value creation and sustainable development. With a strong international presence—including offices in key cities such as Miami, London, and Madrid—H.I.G. targets middle-market investments across various sectors, applying thematic investment approaches that yield sustainable growth.

As H.I.G. broadens its portfolio with this strategic investment in Avanta, the firm reinforces its dedication to enhancing workplace health standards in Europe, aiming to elevate overall workforce wellness through enhanced service delivery and innovation.

In conclusion, Avanta Salud's union with H.I.G. Capital offers immense potential for growth in the essential domain of workplace health services. By merging resources and expertise, both entities are set to scale new heights, ultimately aspiring to redefine health service standards in the workplace landscape.