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Grupo Olmos

Grupo Olmos

The holding owns two large business areas: Grupo Crónica, limited to the media trust, and Grupo Basa, which includes health care providers and health services. It is owned by brothers Raúl and Darío Olmos, born in Mendoza, who had no family money and whose business grew parallel to their ties with powerful union leaders in Argentina. Antonio Caló, Secretary General of the Metallurgy Labor Union (UOM), took Raúl Olmos as his right-hand man to manage the Union, and the latter’s business evolution matched the union’s close relationship with the administrations of Néstor and Cristina Fernández de Kirchner.

 

The Caló brothers arrived in the media industry in 2005 when they bought newspaper Crónica and publishing house Editorial Sarmiento to its founding father, Héctor Ricardo García, who was sentenced to prison for tax evasion in an unprecedented court ruling. Six years later, García faced prosecution for the same issue and got rid of 51% of channel Crónica TV. In 2016 Grupo Olmos purchased the whole media.

 

Currently, news channel Crónica TV, which has traditionally addressed the working classes, is the main of the group's 11 media. It also controls newspapers Crónica and BAE Negocios, and political magazine Veintitrés, all of which are currently in their record low audience and circulation levels. Moreover, the group owns about a third of the stock of production company Underground, which has created some of the most watched TV shows and films in Argentina.

 

For its part, Grupo Basa, Grupo Olmos’s health area, provides health care services to 800,000 members of the health scheme dependent on the Metallurgy Labor Union (UOM) and of PAMI, the State health scheme for retirees and pensioners. The holding manages 18 hospitals and clinics across the country, the lab network Laboratorios Olmos S.A., a pharmacy network, the emergency service Serca and seven disability centers (CTET).

Key facts

Mother Company

Editorial Aconcagua Argentina

Business Form

Private

Legal Form

Joint stock corporation

Business Sectors

Private medicine; pharmaceutical industry; health care providers; audiovisual production

Ownership

Individual Owner

Olmos Family

Raul Darío Olmos Accountant and businessman from Mendoza. He is the CEO of Grupo Olmos and Director of Grupo Basa (part of the holding), a conglomerate of health companies that provides health care services to 800,000 members of the health scheme dependent on the Metallurgy Labor Union (UOM) and of PAMI, the State health scheme for retirees and pensioners. His brother, Alejando, a marketing graduate, he is one of the shareholders and Vice President of Grupo Olmos.

100%
Media Outlets
Other Media Outlets

Other Print Outlets

Newspaper Crónica

Other TV Outlets

Crónica TV

Other Radio Outlets

FMQ (93.5)

Other Online Outlets

https://www.diarioshow.com

Facts

Media Business

Audiovisual production company

Send TV Producciones

Business

Health care providers

Consultorios y clínicas Santa Clara (province of Buenos Aires, Mendoza and San Juan)

Prepaid medical care

Basa Plan de Salud

Laboratory

Laboratorio Olmos

Medical emergency service

Ambulancias Serca

Pharmacies

Farmacias OSUOMRA

Finance

Donington S.A.

Insurance

La Construcción S.A.

General Information

Founding Year

2000

Affiliated Interests Founder

Raúl Olmos

Accountant and businessman from Mendoza. He is the current CEO of Grupo Olmos and Director of Grupo Basa, a health company trust related to Argentina's Metallurgy Labor Union.

Employees

7

Contact

Azopardo 1405. PISO 10, city of Buenos Aires. Postal code: 1107 Website: www.grupoolmos.com.ar

Tax/ ID Number

30-70932512-0

Financial Information

Revenue (Financial Data/ Optional)

Missing data

Operating Profit (in Mill. $)

Missing data

Advertising (in % of total funding)

Missing data

Management

Non-Executive Board

Julio César Bono

Permanent member of the board and President
Antonio Ciuffo

http://Alternate member of the board

Other Influential People

Antonio Caló

Secretary General of the Metallurgy Labor Union (UOM), one of the largest and most powerful unions in Argentina, and former Secretary General of the pro-government faction of labor union General Labor Confederation (CGT). He hired Raúl Olmos as UOM’s accountant when he was an inexperienced professional and turned him into his right-hand person.

Further Information

Active Transparency

company/channel informs proactively and comprehensively about its ownership, data is constantly updated and easily verifiable

4 ♥

Meta Data

The number of employees was obtained from Grupo Olmos’s institutional website (http://grupoolmos.com.ar/site/quienes-somos.html)

Sources

http://www.grupoolmos.com.ar

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