Icade Santé has acquired for €39 million including duties L'Union clinic and the Le Marquisat post-acute care and rehabilitation center.
The Ramsay France Group simultaneously acquired both establishments’ operating companies.
The "L’Union clinic" has 425 medical, surgical and obstetrician hospital (MCO) and inpatient beds and the adjacent "Le Marquisat center" has 107 post-acute care and rehabilitation beds (SSR). The complex is subject to a 12-year fixed term lease agreed with the operator Ramsay Santé, a subsidiary of Group Ramsay Health Care an international player in private hospital care.
This acquisition brings Icade Santé into partnership with a new operator, Ramsay Santé, in the latest of a series of long-term relationships maintained by Icade Santé with all its tenant-operators. This demonstrates both Icade’s expertise in the health sector and the solidity of its business.
Icade Santé now owns 57 facilities between eight operators, confirming its role as the sector leader. Its portfolio value stands at 1.7 billion euros.
At the end of May 2013, Icade Santé, the Icade subsidiary dedicated to investing in healthcare real estate, announced a further capital increase of €110m carried out with a new investor via an OPCI (real-estate mutual fund). Following this transaction, carried out based on NAV, Icade owns a 57% equity interest in Icade Santé.