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).
Editorial Aconcagua Argentina
Joint stock corporation
Private medicine; pharmaceutical industry; health care providers; audiovisual production
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.
Other Print Outlets
Newspaper BAE Negocios (10,000 issues)
Other TV Outlets
CM Canal de la Música
Other Radio Outlets
Other Online Outlets
Audiovisual production company
Send TV Producciones
Health care providers
Consultorios y clínicas Santa Clara (province of Buenos Aires, Mendoza and San Juan)
Clinica Cereijo (city of Buenos Aires)
Clínicas OSUOMRA (provinces of Buenos Aires and Santa Fe)
Centro de Tratatamiento y Estimulación Temprana – CTET (city and province of Buenos Aires, Rosario)
Prepaid medical care
Basa Plan de Salud
Medical emergency service
La Construcción S.A.
Affiliated Interests Founder
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.
Azopardo 1405. PISO 10, city of Buenos Aires. Postal code: 1107 Website: www.grupoolmos.com.ar
Tax/ ID Number
Revenue (Financial Data/ Optional)
Operating Profit (in Mill. $)
Advertising (in % of total funding)
Permanent member of the board and President
Other Influential People
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.
He was the group’s System Manager and is now Director of Grupo Basa, specialized in health care, and Vice President of Grupo Olmos.
He is Vice President of Grupo Crónica, focused on the media. It was him who, as of 2010, designed the group’s legal strategy.
Wife of Raúl Olmos and shareholder of the group’s main companies.
Shareholder of Editorial Aconcagua Argentina S.A. and other companies owned by the group. He used to work as Raúl Olmos’s driver.
Shareholder of Editorial Aconcagua Argentina S.A.
He is part of the board of directors in several Grupo Olmos’s companies. He is President of prepaid medical care plan Basa Plan de Salud and former President of the group’s insurance company, La Construcción S.A. He is an attorney and used to be Manager of the corporate segment of Banco Hipotecario.
The number of employees was obtained from Grupo Olmos’s institutional website (http://grupoolmos.com.ar/site/quienes-somos.html)