H.I.G. Capital to Acquire Vitaly Group through Avanta Salud

H.I.G. Capital, a global investment firm with $74 billion under management, has announced a definitive agreement for its portfolio company, Avanta Salud Integral, to acquire Vitaly Group. Vitaly is a leading provider of occupational health and safety services in Iberia. This move aims to merge two complementary businesses, each serving a predominantly SME customer base in Spain, to provide occupational medicine and health services.

Vitaly’s co-founders, Jesús Nieto and Andrés López, will reinvest alongside existing stakeholders, including Avanta’s founder, Josep Pla. The merged entity is expected to serve over 240,000 clients, covering around 4 million workers, with a network of 505 centers and 5,500 employees.

H.I.G. sees this acquisition as transformative, marking a significant step towards creating a market leader with substantial growth prospects. The strategic aim is to leverage Vitaly’s AI capabilities for international expansion while enhancing service integration.