Troubled by recent consolidation in the healthcare sector, CoRe Capital recently executed a strategic acquisition of Costa Maia, effectively integrating it into the Moveclinics group. Pedro Soares David, an executive at CoRe Capital, described this acquisition as a transformative consolidation maneuver, now positioning Moveclinics as a prominent national operator.
Currently, Moveclinics operates three clinics in Northern Portugal, namely in Porto, Vizela, and Oliveira de Azeméis, while expanding into Greater Lisbon with facilities in Odivelas, Loures, Cacém, Mem Martins, Oeiras, Benfica, São Domingos de Benfica, and Almada, employing over 300 staff members.
“This consolidation aims to elevate Moveclinics as one of the largest and most efficient national groups in the sector,” stated Pedro Soares David. He further highlighted that this sector is witnessing similar consolidation movements by other health groups and insurers.
Expressing optimism, Soares David emphasized that the Core Consolidation Fund’s objective is to foster sectoral consolidation, identifying a suitable opportunity for investment. Moveclinics’ growth strategy will reportedly blend organic development with potential acquisitions in unidentified strategic geographic areas.
Through the acquisition, Soares David remarked, Moveclinics receives a growth impulse, exemplifying the rapid execution and investment capability of CoRe. “Now, the strategy is to continue expanding the group’s scale while enhancing efficiency and clinical quality,” he affirmed.
This initiative addresses the increasing demand for physical medicine and rehabilitation services derived from an aging population and the need for specialized post-operative and sports rehabilitation care.
Martim Avillez Figueiredo, another Core Capital partner, noted the ongoing momentum of the CoRe Consolidation Fund in strengthening the Portuguese economic fabric, citing diverse opportunities for capitalizing on Portuguese SMEs.
Figueiredo reiterated the investment pattern, remarking, “This is once again a consolidation and capitalization: CoRe boosts Moveclinics’ capital for growth through consolidation with Costa Maia Group.”
The strategy maintains business continuity for entrepreneurs by leveraging their extensive expertise, as outlined in the communication.
Founded by Nuno Fernandes Thomaz, Martim Avillez Figueiredo, Pedro Araújo e Sá, and Pedro Soares David, CoRe Capital focuses on revitalizing historically significant businesses with substantial local economic impact in Northern and Central Portugal, drawing on their sectoral expertise.
