State remains owner

The future of the Vamed rehabilitation centers in Upper Austria has been clarified

The sale of the Vamed rehabilitation clinics throughout Austria to the French private equity company PAI has recently caused a lot of media attention. Of the 21 locations, seven were not sold, including those in Enns and Altmünster (Gmundnerberg). Their future ownership structure has now been clarified. 

"With this step, we are giving both patients and employees important security in uncertain times," said Christine Haberlander (ÖVP), Deputy Provincial Governor responsible for health, after today's meeting of the Supervisory Board of Gesundheitsholding (Upper Austria).

33 and 40 percent owner respectively
We are talking about the two rehabilitation centers Enns and Gmundnerberg, whose future ownership structure was agreed upon by representatives of the state and Vamed/PAI during the meeting. Accordingly, the state will remain co-owner of 33 percent in Enns and 40 percent in Altmünster.

Right of seizure and purchase option
Should PAI ever sell the shares, the province would also have the option to take them up, according to the Haberlander office - and not only that: the province has also secured a purchase option. This means that the province of Upper Austria could buy PAI's shares at any time and thus take control in order to become the sole owner. This is the "last resort in the event that the development of the hospitals goes in the wrong direction".