doctari

Sector:

doctari Group is the leading specialist healthcare staffing platform in the DACH region

DACH region

Business Overview

  • Founded in 2008, doctari Group is the leading specialist healthcare staffing platform in the DACH region and twice the size of its next competitor
  • Today, the group serves a network of over 5,000 facilities and 19,000 specialists, operating from three offices in Germany and Switzerland

  • The business matches demand for skilled medical personnel on temporary assignments (locums) and the delivery of such locums in a fast and reliable way, helping medical institutions bridge the increasing supply-demand gap and skill shortage in the growing German healthcare market

Investment Thesis

  • Established position as a market leader in the DACH region; customer base twice the size of that of the next largest competitor
  • Attractive underlying market dynamics with high demand for the provision of locum doctors
  • Non-cyclical industry with proven resilience through a market cycle
  • High proportion of recurring revenues from existing clients, and strong retention of registered candidates on the network
  • Well-diversified customer base with low customer concentration

Origination

  • Originated through a direct approach from Vitruvian Partners, as a result of a strong relationship built on a previous transaction, TechnoGroup
  • PCS funds acted as sole lender
  • Primary transaction