Icade Santé: 1st investment in EHPADs

On 29 March Icade Santé announced its first investment in Etablissements d'hébergement pour personnes âgées dépendantes (EHPAD): the acquisition of 14 health centers for dependent elderly worth €189mn from Réseau Residalya, a subsidiary of the Ackermans & van Haaren group. Residalya is also the operator of these EHPADs.

Medical-social sector and solidarity
03April2018

En Ehpad

The new or recently-built apartment blocks, providing a total of almost 1,300 beds or places, are located in the Nouvelle-Aquitaine, Hauts-de-France, Auvergne-Rhône-Alpes and Provence-Alpes-Côte-d’Azur Regions. The final signing of the deal is expected to take place during July 2018, following the lifting of the suspensive conditions.

 

With this acquisition, Icade Santé is undertaking to diversify into the long-term accommodation sector and secure its leading position in the medical accommodation market with a portfolio of 114 shares to the value of over €4.2bn and an annual rental income of over €234mn.

 

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