Korean Group (Paris: KORI), European chief in care and assist offerings for the aged, announces the purchase of Stepping Stones, an amazing and innovative Dutch private operator specialized in Alzheimer’s disorder and cognitive disorders.
A famend player with robust boom perspectives within the Netherlands
Since its inception in 2006 by way of Christiaan Sap, Founder, and CEO, Stepping Stones has developed a completely unique idea based totally on small-sized residential care villas tailored to patients tormented by Alzheimer’s ailment or cognitive disorders. Each resident has his own condominium; commonplace regions (living room, eating room, open kitchen in addition to a lawn) are accessible to all of us.
Personalized care, well-applicable to Korian’s Positive Care method, is primarily based on precise desires and needs of folks who are frequently particularly dependent. Residents are supported until the quiet of their life, way to information in palliative care. Staff is specially educated to offer complicated care, as required by way of the Dutch nearby care workplaces (Zorgkantoren).
The enterprise currently operates a portfolio of 12 care villas of excessive high-quality standard (3 of which can be in a ramp-up segment), representing 260 residences, particularly located within the center and east of the Netherlands. Revenue in 2018 amounted to €13m. The employer intends to greater than double its portfolio within the subsequent 4 years primarily based on the prevailing pipeline.
The Dutch care market predicted to develop strongly
The Dutch pretty fragmented care market is expected to develop strongly in step with the boom of the aged populace: the number of humans over 65 is expected to develop through 50%, from three.2 million in 2017 up to four.8 million through 2040, while the number of people over eighty years will double to 1.6 million in the same length.
According to market professionals, more than 30,000 beds can be wanted within the next 10 years to deal with the demographic stress. Therefore, the regulatory environment fosters the development of a top class great private imparting.
Christiaan Sap, Founder, and CEO of Stepping Stones commented:
“I am delighted to join the Korean Group with whom I proportion common values and information. Having this type of help will make a contribution to boosting up the development of Stepping Stones’ idea throughout the complete USA. Providing customized and continuous care to human beings tormented by Alzheimer’s disorder via a dedicated provider in a friendly surrounding is the first-rate task for me.”
Sophie Boissard, CEO of Korean Group introduced:
“We are glad to welcome with Stepping Stones a skilled and recognized group. The strong care concept that has been tested and rolled-out for years is a key aggressive facet in a developing and innovative Dutch market. Korean is strongly devoted to aiding the boom plan of Stepping Stones all through the Netherlands while move-fertilizing this authentic idea all over the European network. After Ages&Vie in France, Korean reinforces its foothold in the small-sized senior living communities business phase and consequently enlarges its care provider provide to higher adapt to client needs.”