Stout advised Drs. Cicotti on the rollover of their existing stake and Gimv on the sale of its majority stake in AlpenBlu Clinics (former Les Psys Réunis) to Impact Healthcare, providing due diligence and M&A advisory services. In addition, Stout advised the new shareholders, Drs. Cicotti and Impact Healthcare, on securing senior debt financing for the transaction.

Founded by Drs. Elizabeth and Andrei Cicotti under the name Les Psy Réunis, AlpenBlu Clinics has grown into one of the leading outpatient mental healthcare providers in French-speaking Switzerland. The group operates a network of specialized psychiatric and psychological care centers across the cantons of Geneva, Vaud, and Fribourg. Against a backdrop of rising demand for mental healthcare services, AlpenBlu Clinics has built a scalable operating platform that combines high-quality patient care with an attractive and collaborative environment for practitioners. Since partnering with the founders in 2021, Gimv has supported the group in executing its growth strategy, further reinforcing its position as a leading outpatient mental healthcare platform in the region.

Impact Healthcare’s mission is to positively influence people’s life journeys by building a coordinated ecosystem of services and innovations designed to better anticipate and address vulnerabilities. The company is owned by Après-Demain SA, a Swiss family-owned group comprising a life sciences platform (Debiopharm), a diversified investment platform (www.apres-demain.com), and a philanthropic foundation. The transaction marks the beginning of a new chapter for AlpenBlu Clinics. Together with the founders, Impact Healthcare will provide long-term support to accelerate the expansion of the network and continue investing in clinical excellence, talent, and infrastructure.