K2MB, a company specialising in asset and investment management with a pan-European focus, has been mandated by Sixth Street to take over the asset management for a portfolio of rehabilitation clinics in Germany. This mandate includes responsibility for the strategic development and operational implementation of property-related measures at the facilities under management.
The collaboration between K2MB and the clinic operator is geared towards carrying out comprehensive investments and adaptations to the properties. The aim is to ensure the structural and functional integrity of the locations and to position them for the future within the healthcare market over a longer period.
Background and Market Overview
The German market for rehabilitation clinics is characterised by a significant number of facilities and capacities. According to the Federal Statistical Office, there are over 1,000 rehabilitation clinics nationwide, providing more than 160,000 beds in total. The average occupancy rate of these facilities is 84 per cent. A relevant proportion, more than half of these clinics, are operated under private ownership. This underscores the importance of private investment and management services in this sector.
Jan Krizan, Managing Director of K2MB, commented on the new partnership. He emphasised the appreciation for the cooperation with Sixth Street in the German healthcare real estate market. Krizan highlighted that the rehabilitation clinic portfolio holds attractive investment themes that generate a social impact. He referred to studies that prove positive health outcomes for rehabilitation patients, which can thus reduce relevant costs associated with early retirement or inability to work.
- —More than 1,000 rehabilitation clinics in Germany.
- —Total capacity of over 160,000 beds.
- —Average occupancy rate of 84 per cent.
- —Over half of the facilities are privately operated.
This measure underlines the strategic relevance of real estate in the healthcare sector. It also reflects the endeavour to pursue not only economic goals through targeted asset management but also to contribute to securing and improving patient care. The long-term safeguarding of the locations through planned investments illustrates the focus on sustainable development within the portfolio.
