KOS COMPLETES ACQUISITION OF CHARLESTON HOLDING

 

The deal is a significant step forward for KOS in its process of development and internationalization

Milan, October 30 2019 – KOS has today completed the agreement announced on July 31 2019 for the acquisition of Charleston Holding GmbH, a German group active in the supply of residential services for the non-self-sufficient elderly and ancillary services for elderly patients with a high level of disability, from the EQT Infrastructure II Fund.

Charleston manages 47 residential facilities with a total of 4,050 beds and in 2018 generated revenues of approximately € 152 million. After the acquisition KOS will now be managing 133 facilities with a total of over 12,200 beds and approximately 11,200 employees.