GÖRG and FalkenSteg sell GVS Senior Services to Convivo

GVS Herdecke Seniorendienste gGmbH (GVS gGmbH) is a provider of geriatric care services and operates three inpatient geriatric care facilities in Herdecke, near Dortmund. Two of these facilities are rented, one facility is owned by the parent company (Gemeinnütziger Verein für Senioreneinrichtungen Herdecke e.V.). GVS gGmbH has a total of 280 employees and provides nursing services for more than 270 residents at the three facilities. In addition, further services are offered by an outpatient nursing service, assisted living and apartments for the elderly.

The Convivo Group acquired the majority of GVS gGmbH’s assets in an asset deal by way of a package transaction together with the property of one of the three in-patient care facilities, which was owned by the parent company. All employees of GVS gGmbH will be transferred to the new company as part of the transfer of operations. With this acquisition, the Convivo Group further strengthens its presence in North Rhine-Westphalia and establishes itself as the leading care provider in Herdecke.

The Convivo Group is a Germany-wide provider of care facilities with a strong reputation and proven restructuring expertise. The company was founded in 1993 by its CEO Torsten Gehle, who is himself a trained geriatric nurse. Convivo operates approx. 35 care facilities with 2500 residents, 350 apartments for the elderly and 500 outpatients.

GVS gGmbH has suffered significant losses since 2014 due to inefficient personnel planning and high cost structures. In particular, the special annual payment for 2016, the unfavourable negotiation of remuneration rates and the move to a new care facility, which was fraught with complications, ultimately led to the filing of an insolvency petition in November 2016.