Healthspan Partners Acquires Centric Health Clinic Network
The investment firm takes ownership of a network featuring 90 clinics across Ireland, the Netherlands, and Germany.
Updated on Oct. 16, 2026 in Healthcare
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Healthspan Partners has acquired the Centric Health clinic network to bolster the organization's growth in clinical services and digital innovation. The transaction remains subject to regulatory approval, including review by the Competition and Consumer Protection Commission.
Why it matters
Healthspan Partners intends to provide the financial backing necessary to support Centric Health's geographic expansion and ongoing research into population health. The deal follows a period of growth that saw the clinic network expand into international markets since 2020.
Centric Health reported total turnover of €143.9 million in 2024, supported by 420 GPs across 90 primary care clinics. Irish operations continue to drive the business, accounting for 80 percent of the total revenue.
The players
Healthspan Partners
This investment firm provides capital and strategic support to healthcare companies looking to scale operations and innovate.
Centric Health
This network manages primary care clinics across several European countries, focusing on general practice and community-based health services.
Maurice Cox
He serves as the chief executive officer of Centric Health and will continue to lead the organization following the acquisition.
Five Arrows
This investment firm previously held ownership of the Centric Health network from 2018 until the recent sale to Healthspan Partners.
Competition and Consumer Protection Commission
This Irish regulatory authority is responsible for investigating mergers and acquisitions to ensure they comply with market competition laws.
The details
Founded in 2003, Centric Health has grown from a local operator into a multi-national network. CEO Maurice Cox will remain in his leadership role following the transition from previous owner Five Arrows.
Timeline
Centric Health was founded in 2003.
Five Arrows acquired the network in 2018.
The network entered the Netherlands in 2020.
Operations expanded to Germany in 2021.
Centric Health recorded €143.9 million in turnover during 2024.
Market Landscape
The acquisition follows the established pattern of private equity firms consolidating primary care providers to leverage economies of scale and digital health adoption. This deal underscores the broader European private equity investment trend in primary care consolidation as firms seek stable, long-term health assets.
Patients within the Centric Health network should not expect immediate changes to their daily care or clinic access due to the ownership transition. The firm's long-term plan involves increasing service offerings and digital capabilities, which may eventually improve appointment booking and health monitoring options for clients.
The takeaway
The transition to new ownership marks a significant consolidation step for a major European primary care provider. Patients can anticipate future advancements in service delivery as the network leverages new financial resources for digital transformation.
Further reading
Explore more industry shifts in our Healthcare section.
Source note: This article includes information reported by The Irish Times.
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