REALE GROUP ACQUIRES 80% OF LIFENET HEALTHCARE:
THE START OF A NEW HEALTH ECOSYSTEM
Through the holding company Reale Services, Reale Group is acquiring 80% of Lifenet Healthcare, a leading group active in the health sector, consisting of accredited private hospitals, surgical centres, diagnostic clinics and eye and dental clinics.
The transaction will allow Reale Group to:
Strengthen the Group’s leadership in the field of caring and protection in Italy
Accelerate the strategic business diversification plan by creating a health ecosystem
Promote a health model based on the centrality of the individual and on Public-Private-Community collaboration (SDG Goal 17 of the UN's 2030 Agenda), consistent with the nature of the parent company Reale Mutua as a mutual insurer and benefit corporation.
The transaction was concluded with the founder Nicola Bedin and with Exor. With the family holding company Invin S.r.l., Bedin will retain a share of about 20% and will remain at the head of the group, ensuring strategic and managerial continuity.
In 2026, Lifenet Healthcare expects to generate revenues of more than € 450 million with more than 1,100 beds and approximately 5,000 workers.
The acquisition
Reale Group announces the signing of a binding agreement to acquire, through the holding company Reale Services S.r.l., an 80% stake in the share capital of Lifenet S.p.A., an Italian group active in the healthcare sector and in the provision of diagnostic and treatment services.
The transaction will involve purchasing the shares held by Exor N.V. and Invin S.r.l. and will take place in agreement with the founder and Managing Director Nicola Bedin. Bedin will retain a 20% share of the capital through Invin S.r.l., remaining at the head of the group.
The structure of the transaction reflects the parties’ desire to build a long-term industrial partnership based on a shared vision of strategic development in the healthcare sector, while ensuring continuity of management.
Founded in 2018, the Lifenet Group is now present in five Italian regions (Lombardy, Piedmont, Lazio, Tuscany and Emilia-Romagna) with a platform including 16 outpatient and diagnostic centres, six hospitals and four eye clinics. In recent years, the Group has experienced significant growth, consolidating a model geared toward clinical quality, technological innovation and accessibility of health services. In 2026, Lifenet expects to generate revenues of more than € 450 million with more than 1,100 beds and approximately 5,000 workers.
The transaction is a strategic step in the Reale Group plan and marks an evolution in understanding care, from the traditional insurance guarantee to a new model in which the Group takes an active role along the entire health care supply chain. The impact of the transaction is significant on several levels. For people, it may mean greater access to quality health services with innovative diagnostic solutions and a possible reduction in wait times. Locally, it means new investments in facilities and technology and the strengthening of the healthcare network. Finally, for Reale Group, the transaction constitutes an important step in asset diversification, the development of operational synergies and the construction of an integrated health ecosystem.
With this acquisition, Reale Group confirms its commitment to combining management efficiency and collective interest, aiming to further strengthen Lifenet’s positioning through targeted investments in technologies, infrastructure and human capital. The goal is to produce a positive and lasting impact in those areas where the Group operates, in line with the distinctive principles and values of a Mutual Insurer and Benefit Corporation.
Under the terms of the agreement, Nicola Bedin will retain the position of Managing Director of the Lifenet Group and the current management team will be confirmed in full. Reale Services will have the right to appoint the majority of the members of the Board of Directors and the Chairperson, while ensuring management continuity and strategic alignment.
Luca Filippone, General Manager of Reale Group, commented: “With this transaction, Reale Group is redefining the concept of ‘caring’, moving from insurance protection to a concrete presence throughout the chain of care. Our growing commitment to a person-centred health ecosystem strengthens our positioning and fully embodies the Group's purpose: Taking care of people for a better world, together.”
“Reale Group is the ideal partner for Lifenet thanks to a number of its unique characteristics: long-term vision, sustainable approach, quality of the people involved, propensity for innovation and deep knowledge of the industry dynamics”, said Nicola Bedin founder and Managing Director of Lifenet. “I’m excited about this new phase of development, founded on a solid basis of shared values.”
Exor and Invin were advised by J.P. Morgan (M&A Advisory), beLab (Legal DD), BCG (Commercial), EY (Financial and Tax) and JLL (real Estate). Exor was also advised by PedersoliGattai (Legal), Invin by Outis (Strategic Advisor) and GPBL (Legal) Reale Group was advised by Deloitte Advisory (M&A Advisory), Pavesio e Associati and Bonelli Erede (Legal) and CBRE (Real Estate).
Completion of the transaction is subject to obtaining the usual regulatory authorisations and is expected to be done by the first half of 2026.