Icade Santé has acquired the Navarre polyclinic in Pau for €35m. Built in 2003, the Navarre polyclinic was recently renovated and expanded. It features innovative medical equipment including 20 operating suites and an outpatient unit reconfigured to improve surgical and obstetric care.
Taken together, the Marzet and Navarre polyclinics offer local residents a comprehensive range of hospital services. The Marzet polyclinic will continue to specialise in oncology, medicine and post-acute care services. GBNA, a major private healthcare provider in Nouvelle-Aquitaine and the leading player in the Bordeaux area, will lease both facilities for the next 12 years. Before taking over the operation of these two polyclinics in Pau, the group operated 6 facilities (Bordeaux Nord Aquitaine polyclinic, Bordeaux Rive Droite polyclinic, Bordeaux Caudéran polyclinic, Nouvelle Clinique Bel Air, Thiers eye care centre and Arcachon private hospital) and 1 nursing home.
This acquisition marks the start of a long-term partnership between Icade Santé and GBNA, a major healthcare provider. It is fully in line with the Company’s growth strategy in terms of its healthcare property investments.