#USA #H.I.G. Capital #Miami #Avanta Salud #Vitaly Group

H.I.G. Capital Acquires Vitaly Group Through Avanta Salud

H.I.G. Capital, a prominent global alternative investment firm, recently disclosed its definitive agreement to acquire Vitaly Group, a leading provider of occupational health and safety (OHS) services in Iberia, via its portfolio company Avanta Salud. This strategic acquisition enhances H.I.G.'s already robust investment portfolio, bolstering their footprint in the OHS market.

Key Details of the Acquisition

The deal marks a crucial milestone not only for H.I.G. and Avanta but also for the co-founders of Vitaly, Jesús Nieto and Andrés López. These leaders will reinvest in the combined company, showcasing their commitment and belief in the positive trajectory of this partnership. The collaboration of these two companies will create a powerful entity that serves an extensive customer base consisting of over 240,000 clients and approximately 4 million protected workers.

Operating from 505 centers with a workforce of around 5,500 employees, the combined firm is well-positioned for substantial growth and international expansion. Both Avanta and Vitaly offer similar services—Technical Prevention, Occupational Medicine, and training—which allows for a seamless integration of resources and expertise. This merger not only consolidates their operations in Spain but also sets the stage for future opportunities in international markets.

Leveraging Advanced Technology

One significant aspect of Vitaly Group’s offering is its advanced artificial intelligence capabilities. These tech-driven solutions enhance back-office efficiency, occupational health monitoring, and elective digital services, fueling the overall differentiation of the new entity in the OHS sector. This technology integration is expected to enhance operational effectiveness, streamline workflows, and improve service delivery, ultimately benefiting clients and protected workers across the board.

Executive Insights and Statements

Rohin Jain, Managing Director at H.I.G. Middle Market Europe, emphasized that merging two of the most dynamic OHS companies in Iberia will deliver significant benefits through enhanced service models and effective synergies. He remarked, “This is a transformative value creation opportunity, one that we are excited to embark upon.”

Josep Pla, founder of Avanta, echoed this sentiment, pointing out that the acquisition is a strategic stride toward their goal of establishing a leading workplace health platform across Europe. He expressed pride in collaborating with the quality-driven teams from both companies and the shared commitment to operational excellence.

In response, Jesús Nieto and Andrés López expressed their enthusiasm regarding the partnership. They noted the importance of selecting the right collaborator and remarked on the aligned principles and focus on quality shared by both businesses—a crucial aspect that will enhance their ability to deliver top-notch services to clients.

About Avanta Salud and Vitaly Group

Avanta Salud is one of Spain’s leading OHS service providers, specializing in mandatory occupational health services as stipulated by both Spanish and EU laws. Their offerings include health surveillance, workplace safety consulting, and preventive care, aiming to empower employers to meet stringent workplace health standards.

Vitaly Group, established in 2022 through the merger of Grupo Preving and Cualtis, serves a significant portion of the OHS market in Spain. With a network comprising 387 centers and 147 mobile units, Vitaly is recognized for its commitment to quality service and employee health management. Together, these companies can leverage their strengths to create a resilient market leader in the evolving healthcare landscape.

Conclusion

As H.I.G. Capital continues to evolve its investment strategy, this acquisition exemplifies its focus on robust companies that are well-positioned for growth. The merger not only promises considerable operational efficiencies but also addresses the growing demand for quality occupational health services in an increasingly competitive market. With the combined expertise of Avanta and Vitaly, the new entity is poised for success in the years to come.