Bryan, Garnier & Co acts as Joint Financial Advisor to the shareholders of Evolucare, leading player in the digital transformation of French healthcare, on the sale of the company to GPI, tech leader company in IT solutions, healthcare and social services

Bryan, Garnier & Co acts as Joint Financial Advisor to the shareholders of Evolucare, leading player in software solutions for the digital transformation of French healthcare in its acquisition by GPI a company listed on Euronext Milan.

This strategic move will allow Evolucare to significantly expand its international presence, particularly and become part of a larger growth-oriented industrial group. The transaction aligns with GPI’s strategic plan to consolidate its position as a key player in the digital health sector in Europe, allowing for a significant expansion of the Software SBA – with a 2022 pro-forma revenue increase of 26% and an EBITDA increase of 35% as well as a significant increase in the Group’s share of revenue generated abroad (approx. 14% to 23%).

The move towards portfolio pooling is based on a value proposition aimed at the sustainability of healthcare systems, namely in the digitisation, personalisation, innovation & improvement and territoriality domains.

A competitive process involving Tier-1 French and international Private Equity investors, as well as trade buyers, was organized by the company and shareholders’ financial advisors.

Following on from Padoa, Arche MC2, CBA, Maincare Solutions, BlueBee, Amplexor Life Sciences, Qare, and numerous other landmark transactions in the healthcare technologies sector, this new deal marks another milestone for Bryan, Garnier & Co.

"Taking this next step indicates the anticipated growth and upward trajectory of Driiveme. We’re reaching an underserved and growing market to provide a service that speaks to the needs of consumers while filling a gap felt by logistics players in the automotive industry. Coming into this new phase with a partner who understands true entrepreneurial spirit like Bryan Garnier, enabled my team to feel confident and energized in taking the company we’ve built together to the next level."

— Geoffroy Lambert - CEO and CoFounder of Driiveme

Founded in 1988 by the Le Guilcher family, the Evolucare Group is a historic, leading French software provider specialising in the healthcare sector and operating in 19 countries. The Group offers an integrated portfolio of software solutions at the service of the patient journey by providing proprietary solutions to hospitals, public and private clinics, diagnostic and rehabilitation centres and medical-social facilities (e.g. nursing homes and residences for the disabled) primarily throughout France and Germany (through the recently acquired company Health Information Management).

The Group employs a workforce of more than 370 people of whom around 90 are dedicated to research and development. In 2022, it recorded consolidated revenue of €43m (approximately 50% on a recurring basis) and consolidated adjusted EBITDA of approximately €16m.

GPI is a leading company in software, technologies and services for healthcare, social services, and public administration.

Founded more than 30 years ago in Trento, Italy, GPI has grown through significant investments in M&A (in Italy and abroad) and in R&D, carried out in partnership with leading Italian universities and research centres to transfer scientific, technological, functional and process knowledge into the e-health, e-welfare, and well-being sectors.

The Company reported consolidated revenues of €360m in 2022, with over 7,100 employees at year end, and more than 3,000 customers in over 70 countries.