NPM Venture Capital Acquires Harting-Bank Homecare and Medical Provider- the Netherlands

NPM Capital, owned by the Fenter Van Vlissingen family has acquired Harting-Bank.

Harting Bank is a major supplier to the homecare and associated markets in the Netherlands and has recently reported revenues of 80 million Euros.

The acquisition provides considerable financial strength to this already strong player. The market is expecting a consolidation in the homecare provider industry which largely comprises companies such as Welzorg (by far the largest with revenues in the 200 million euro range) as well as R. Van Seeneus/Beenhakker, German owned Meyra, Emcart and several smaller players.

Enno Perdok, Managing Director of Harting-Bank has been reported as saying that they are on the lookout for further acquisitions now that they have the financial support.

Welzorg, themselves also having been recently acquired by Industri Capital (reported here) may well be in for a challenge to its dominant position?