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Armonea-Colisee merger creates fourth largest nursing home group

Belgian nursing home group Armonea has merged with French rival Colisee after months of preparing for a sale, creating Europe’s fourth largest nursing home group. We hear from a reliable source that this is effectively a takeover by the French player. “Armonea CEO Chris Cools is leaving in June, and Colisee is taking over Armonea […]

Assisted living boom predicted in Italian cities

The head of Korian Italy says assisted living is the next big opportunity in Italian elderly care. We speak to her, and an Italian healthcare consultant to find out more. “I think in the next two to three years, assisted living could take off in big Italian cities,” says Andrea Minciarelli of Your Care Consult. […]

Korian makes deal with Primonial to expand across France

Korian, France’s largest nursing home operator by revenue, has made a deal with its main property owner to build at least seven new facilities in the country. We speak to French healthcare real estate expert Stéphane Pichon about the deal. On Monday, October 15, Korian signed an agreement with healthcare real estate developer CAREIT and property investor Primonial REIM, […]

French nursing home real estate will be hot property in 2018

We hear from several industry players that real estate trading will pick up in French nursing homes in 2018 after 2017 saw more deals in the hospital sector. Stephane Pichon of healthcare real estate advisory firm Your Care Consult says he is aware of several large deals in nursing homes that should be concluded this […]

Spanish healthcare property to become the next gold rush?

Several large property portfolios will be sold in Spain within the next year, according to multiple sources, and investors have taken notice. Property deals have historically been scarce in the country because of tax rules that mean VAT at 21% cannot be recovered from rent in the acute sector, and a fragmented nursing home sector […]

Ramsay increases French margin in strong annual results

The global hospital group Ramsay reported 12.7% growth in net-profit after tax this week with margins increasing in France despite tariff cuts. Ramsay Santé, the product of Ramsay France’s merger with General de Santé, grew EBITDAR by 0.5% to €448m in the year to June 30, 2017, with sales following narrowly behind with 0.3% growth. […]