Your Care

On April 3, 2013, Gecimed, Gecina’s subsidiary dedicated to healthcare real estate, finalized the sale to a healthcare fund OPCI managed by BNP Paribas REIM France of a portfolio consisting of four clinics operated by Générale de Santé, including three short-stay acute care facilities and one psychiatric facility. These assets total more than 720 beds […]

Icade, the big French REIT plans to launch a separate healthcare REIT. Meanwhile, BNP Real Estate Investments is close to buying the healthcare part of Fonciere des Murs. Nathalie Palladitcheff, CFO at Icade, said that the plan was to grown the healthcare arm, set up in 2006, from €1.3bn to at least €2bn. But Francoise […]

The French government has said it will seek to reduce the rate of growth of healthcare services to 2.5% in 2012, down from 2.8-2.9% in 2011. What are the implications of this? Stephan Pichon at Paris-based adviser Your Consult said the government plans to force doctors to prescibe generics more often and to reduce drug […]

There was huge interest in healthcare as an asset class at Mipim, the big international conference for institutional property investors held in Cannes, according to Stephane Pichon, CEO of French consultancy Your Care Consult, who ran a session on the subject, comparing yields on healthcare to retail and office. Pichon said: “The room was crammed […]

The story going the rounds in France is that the new healthcare regions chief task is to cut hospitals costs by a third in five years.The story going the rounds in France is that the new healthcare regions chief task is to cut hospitals costs by a third in five years. One source said: “It […]

Private equity interest has been reignited, but remains frustrated by the lack of decent management teams. It is not hard to see the attraction of care homes. The number of 85s in Western Europe is expected to almost treble by 2050 leading to big increases in demand. Alzheimer and Alzheimer like sufferers are expected to rise 50% to 1.2m in France by […]