L-GAM has reached an agreement to acquire a controlling stake in Società e Salute Spa – trading under the brand name Centro Medico Santagostino – an Italian company operating a network of 20 private outpatient clinics in Milan, Brescia and Bologna.

Under the terms of the agreement, L-GAM will purchase a controlling stake in CMS, while Oltre Venture, the current majority shareholder, will remain as a minority investor. Oltre Venture is the first Italian venture capital company specialising in social impact investing, and has been a shareholder in CMS since its inception in 2009. L-GAM and Oltre Venture will join forces to guarantee the appropriate financial and operational resources that will help CMS grow in the rest of Italy.

The presence of L-GAM as a new institutional shareholder will provide CMS with additional stimulus to reach its ambitious targets of expanding its clinical offer and eventually becoming the first nationwide provider of high quality and accessible outpatient services in Italy. CMS operates 20 medical centers as of 2019 (thereof 18 in the Milan area, 1 in Brescia and 1 in Bologna), and has treated over 400 thousand patients between 2009 and 2019.

For further information please visit https://www.santagostino.it

The official press release can be found here.