Bastide : Sale of Distrimed (2.4% of revenue seen in 2023-24): signal of further deleveraging
>The sale of another noncore business - Following the sale of Livramedom (ostomytherapy) in February, Bastide announced the evening before last it sold its 70%-owned subsidiary Distrimed (€ 13m revenues, 25 FTE staff) to the Hygie31 group, a service provider specialising in consulting and support for healthcare networks in Europe. Hygie31 is majority-owned by the Latour Capital investment fund, with BPI France as a minority shareholder (Hygie31 federates 1060 member p...Bastide le Confort Medical is a holding company. Through its subsidiaries, Co. is engaged in the home health care industry. Co. retails and rents medical equipment and provides medical services. Products include breathing apparatus, orthopedic shoes, walking aids and wheelchairs, home appliances and furniture adapted to the needs of the lesser able, with the recent addition of equipment related to perfusion and nutrition. Co. operates through a number of outlets concentrated mainly in the South of France, offering advice and information to customers along with the provision and maintenance of medical equipment.
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