Lifenet Healthcare Acquisition, Valuation, Funding & Investors

Lifenet Healthcare was acquired by Reale Mutua for $709M in February 2026, a 1.6x multiple on $450M of revenue.

Lifenet Healthcare acquisition price

$709M

Acquired by Reale Mutua · Feb 2026

Lifenet Healthcare revenue at acquisition

$450M

Last twelve months · Feb 2026

Lifenet Healthcare revenue multiple at acquisition

1.6x

EV/Revenue · Feb 2026

Cumulative funding Lifenet Healthcare raised

$73M

across 1 funding round

Lifenet Healthcare Overview

About Lifenet Healthcare

Lifenet Healthcare is a Turin-based Italian healthcare provider operating private hospitals accredited by the National Health Service. The group manages surgical centers, diagnostic clinics, and specialized facilities for eye and dental care in regions including Lombardy, Piedmont, Lazio, and Emilia-Romagna.


Founded

2018

HQ

ItalyItaly

Website

lifenet.it

Status

Acquired

Customer focus

B2C

Revenue model

Services

Revenue

$450M (Feb 2026)

Valuation

$161M (Apr 2022)

Lifenet Healthcare Acquisition

Lifenet Healthcare was acquired by Reale Mutua for $709M on 16 February 2026.

The acquisition price implies a 1.6x revenue multiple on $450M of revenue.

Before the acquisition Lifenet Healthcare had raised $73M across 1 funding round.

Reale Group, through its holding company Reale Services, signed a binding agreement in February 2026 to acquire 80 percent of the share capital of Lifenet Healthcare, an Italian healthcare group. The shares are bought from Exor N.V. and from Invin, the family holding of the founder and chief executive Nicola Bedin, who keeps about 20 percent through Invin and stays at the head of the group. The deal valued the company at approximately EUR 600 million and was subject to the usual regulatory authorisations, with completion expected in the first half of 2026. Reale Group said the aim is a lasting positive impact in the areas where it operates, in line with the values of a mutual insurer and benefit corporation. Lifenet, founded in 2018, runs six hospitals, 16 outpatient and diagnostic centres and four eye clinics in five Italian regions, and expects 2026 revenue of more than EUR 450 million with more than 1,100 beds and about 5,000 workers. Exor and Invin were advised by J.P. Morgan, and Reale Group by Deloitte Advisory.

Lifenet Healthcare acquisition details
AcquirerDateTypePriceEV/Revenue
  • Reale Mutua
16 Feb 2026Strategic M&A$709M1.6x

Sources: realegroup.eu, realemutua.it, candesic.com

Lifenet Healthcare Valuation

Lifenet Healthcare is currently valued at $161M, based on its undisclosed-stage round in April 2022. Read the announcement ↗

The $73M round included EXOR.

Lifenet Healthcare valuation by funding round

Lifenet Healthcare valuation by funding round
DateStageValuation
Apr 2022Undisclosed stage$161M

Lifenet Healthcare Funding History

Lifenet Healthcare has raised a total of $73M across 1 funding round.

Lifenet Healthcare funding rounds

Lifenet Healthcare funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2022Undisclosed stageEXOR$73M$161MEXOR acquired 45% of Lifenet Healthcare for EUR 67 million, mainly through a capital increase reserved to it and partly by buying shares from Invin, the holding company of founder and chief executive Nicola Bedin. Lifenet runs hospitals and outpatient clinics in Lombardy, Piedmont, Lazio and Emilia-Romagna, including Piccole Figlie Hospital in Parma, Regina Apostolorum in Albano Laziale and the Lazzaro Spallanzani medical centre in Reggio Emilia. Bedin kept majority control and stayed on as chief executive while EXOR gained the right to nominate the chairman. The transaction closed in June 2022.

Who has invested in Lifenet Healthcare?

1 investor has backed Lifenet Healthcare across its funding rounds, including EXOR.


Lifenet Healthcare Investors

Investors in Lifenet Healthcare by funding rounds participated
InvestorHQRoundsRoleFirst check

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Lifenet Healthcare Competitors

Lifenet Healthcare competitors include listed companies like Kovai Medical Center, Diagnósticos da América, Global Medical Response and WELL Health, and private ones like Bang Er Orthopedic and Harbor Health.

Public and private companies comparable to Lifenet Healthcare
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Bang Er OrthopedicChinaHangzhouPrivate--$700M-
Kovai Medical CenterIndiaIndiaPublicly listed$168M$47M$692M-
Diagnósticos da AméricaBrazilBrazilPublicly listed$2B$324M$743M1.1x
Global Medical ResponseUnited StatesUnited StatesPublicly listed$5.7B$1.1B$672M0.8x
WELL HealthCanadaCanadaPublicly listed$1000M$110M$760M1.2x
Harbor HealthUnited StatesAustin, TXPrivate--$650M-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kovai Medical Center$168M$47M4.1x-14.7x-
Diagnósticos da América$2B$324M0.9x1.1x5.9x5.1x
Global Medical Response$5.7B$1.1B0.9x0.8x4.7x-
WELL Health$1000M$110M1.4x1.2x12.6x10.1x
Gushengtang Holdings$488M$93M1.7x-8.9x-
American Oncology Network$1.8B($1M)0.3x-(443.8x)-
Al-Maidan Dental Clinic$204M$37M2.2x-11.9x-
Saudi German Health$827M$204M1.5x1.5x6.0x7.2x

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Common questions about Lifenet Healthcare

When was Lifenet Healthcare founded?Lifenet Healthcare was founded in 2018.
Where is Lifenet Healthcare headquartered?Lifenet Healthcare is headquartered in Italy.
Is Lifenet Healthcare publicly listed?No, Lifenet Healthcare was acquired by Reale Mutua in February 2026.
Who acquired Lifenet Healthcare?Lifenet Healthcare was acquired by Reale Mutua in February 2026.
How much was Lifenet Healthcare acquired for?Lifenet Healthcare was acquired for $709M in February 2026, a 1.6x revenue multiple.
What is Lifenet Healthcare's valuation?Lifenet Healthcare was last valued at $161M in its undisclosed-stage round in April 2022.
How much funding has Lifenet Healthcare raised?Lifenet Healthcare has raised $73M across 1 funding round.
What was Lifenet Healthcare's last funding round?Lifenet Healthcare's last funding round was a $73M undisclosed-stage round in April 2022.
Who are Lifenet Healthcare's investors?Lifenet Healthcare's investors include EXOR.
Which companies are comparable to Lifenet Healthcare?Companies comparable to Lifenet Healthcare include Bang Er Orthopedic, Kovai Medical Center, Diagnósticos da América, Global Medical Response, WELL Health and Harbor Health.

See companies similar to Lifenet Healthcare

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