EMZ Partners has acquired a majority stake in Fysiogroep Nederland (FGN), a leading Dutch healthcare group specialising in physiotherapy and speech therapy. The transaction, announced on November 11, 2026, marks the full exit of existing investor HC Partners, which has realised its entire investment after a seven-year partnership. Financial terms were not disclosed.
FGN was established in 2019 by HC Partners, Philip van der Have and four entrepreneurial physiotherapy practice owners: Harry Gosselink, Nicole Cremers, Frank Beelen and Peter Koetje. Since its founding, the group has achieved significant growth through more than 50 acquisitions, developing into a market-leading player in the Dutch physiotherapy and speech therapy sector. In 2024, FGN broadened its care offering through the integration of Logopediegroep Nederland (LGN), a speech therapy provider.
Over the past seven years, FGN has built a substantial nationwide network of healthcare practices, supported by a combination of organic growth, acquisitions and partnerships with entrepreneurial practice owners. The group has focused on building a future-proof and innovative care organisation, emphasising high-quality treatment, employee satisfaction and sustainable growth. It has also earned recognition as one of the Netherlands’ leading employers, consistently ranking among the top 10 Best Workplaces for large organisations.
During HC Partners’ ownership, FGN was led by an experienced management team including Rogier Vegter, Robert Oudshoorn, Richard de Heer and Philip van der Have. HC Partners described FGN as an example of its investment approach, which centres on fostering organic and acquisitive growth through partnerships with ambitious entrepreneurs and strong management teams.
With EMZ Partners as its new majority investor, FGN enters its next phase of development. The group intends to build on its established market position and continue developing its healthcare services, including preventive care initiatives such as physiofitness and digital healthcare platforms. These initiatives aim to improve patient outcomes and accessibility while supporting healthcare partners across the sector.
EMZ Partners’ investment provides FGN with a new financial partner to support its continued development and growth ambitions. Both parties aim to build on the group’s established platform, combining its network of practices and broad care offering with further opportunities for expansion and innovation.
