The San Donato Group is ready to sell 20%: stock options


The Rotelli family entrusted the investment bank Morgan Stanley with an exploratory mandate to evaluate the appreciation of the 20% stake of the San Donato group (owner of first-class structures such as San Raffaele Hospital, San Donato Hospital and Galeazzi) through a sale to a partner or through an offer in Piazza Affari.

According to rumors, based on the reports of Il Sole 24 Ore, a plan for the further development of the Italian private healthcare giant in Italy and abroad has been defined in recent weeks. The American investment bank Morgan Stanley would be selected as a financial advisor to evaluate the next steps.


The San Donato Group is a leader in the Italian healthcare sector with 5.4 million patients treated last year in 54 healthcare facilities (including 18 hospitals) with three 3 IRCCS (Policlinico San Donato, San Raffaele Hospital, Galeazzi-Sant’ Hospital Ambrogio), with more than 7,000 doctors, with 5,566 beds and a total of 18,240 associates. Selling 20% ​​to a minority shareholder, likely a private equity fund, is one option, as is listing the company on a stock exchange. Last July, the San Donato Group presented its new corporate structure and development plans. The path to streamlining and reorganizing the corporate structure ended three years ago.


Velca, whose chairman is Angelino Alfano and vice-presidents Kamel Ghribi and Paolo Rotelli, 100% owned by Papiniano Spa, has become a holding company to which all operating companies will be subject, with an evolving role of management and coordination. an increasingly large and complex market in a more homogeneous way.

Subsequently, the name of the holding will change from Velco to the San Donato group. Internal management has also been enriched with an advisory body: a new ethical and legal advisory committee has been created with cross-cutting skills for all operating companies. The Committee is chaired by Giovanni Salvi, former Prosecutor General of the Court of Cassation.


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