Our first vertical: Clinics in Spain

Private clinics. Cash-pay. Profitable. In need of succession. Our first vertical and the wedge that proves our operating system.

Why healthcare

A market built for long-term capital.

Spain has thousands of private clinics. Most are profitable, established, and led by clinician founders reaching retirement. We can help these businesses run better with structure, data, and a new CEO who brings it all together.

The numbers

5k+

Private clinics in Spain

No scale operator. Fragmentation works in our favor.

60%+

Cash-pay revenue

Healthy margins. No insurer concentration risk.

150k-1M

EUR EBITDA range

Our acquisition window. Profitable today, operating leverage tomorrow.

What we acquire

Five criteria, applied consistently.

Multi-specialty

Diversified across services. Resilient to category cycles.

8+ years vintage

Proven track record. Established patient base.

EBITDA 150k-1M EUR

Profitable today. Operating leverage tomorrow.

Cash-pay dominant

More than 60% of revenue. Predictable margins.

Low CAPEX

No heavy reinvestment required to keep operating.

ReSTART, our Operating System

Same staff. Same patients. Better operating discipline.

A traditional clinic runs at 60% capacity, leaks 15-20 hours of admin per week, loses ~15% of bookings to no-shows, and has cross-sell at 0%. The OS targets every one of those lines.

Dynamic scheduling and retention

Auto-fills underutilised slots. Reminders and card-on-file collapse the ~15% no-show rate. Predictive retention flags dropout before it happens. Patient churn stops being invisible.

Automated admin and intake

Billing, intake, reporting, patient comms run in the background. The 15-20 hours of weekly admin compress to a fraction. Reception time goes to patients, not paperwork.

Operational diagnostics across clinics

Rota optimisation, cross-sell playbooks, portfolio benchmarks. Comorbidities surface and become cross-referrals. Every clinic feeds the next one's playbook.

How can you get involved?