London firm Palamon Capital Partners has made a return of three times from the sale of German company Prospitalia, which provides procurement services to more than 900 hospitals and healthcare facilities.
Palamon said that it invested in Prospitalia when the majority of acute hospitals did not use group purchasing organisation (GPO) services.
Purchasing volumes for German GPOs are reported to have grown between five and ten per cent and surveys show that more than 60 per cent of German acute hospital beds are served by GPOs.
Palamon has invested more than €200m in the healthcare sector over the past seven years.
The firm invested in Prospitalia via its €670m 2006-vintage fund which has now completed eight exits.
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