130610_PR_Icade clinic acquisition Toulouse
Published on: Mar 4, 2016
Transcripts - 130610_PR_Icade clinic acquisition Toulouse
Press ReleaseParis, 10 June 2013Icade Santé acquires L’Union clinic and Le Marquisat centre in ToulouseIcade Santé has acquired the L’Union clinic and the Le Marquisat post-acute care and rehabilitation centrefor 39 million euros, including duties. The Ramsay France Group simultaneously acquired bothestablishments’ operating companies.The L’Union clinic has 425 medical, surgical and obstetrician hospital (MCO) and inpatient beds and theadjacent Le Marquisat centre has 107 post-acute care and rehabilitation beds (SSR). The complex is subjectto a 12-year fixed term lease agreed with the operator Ramsay Santé, a subsidiary of Group Ramsay HealthCare an international player in private hospital care.This acquisition brings Icade Santé into partnership with a new operator, Ramsay Santé, in the latest of aseries of long-term relationships maintained by Icade Santé with all its tenant-operators. This demonstratesboth 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. Itsportfolio 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-estatemutual fund). Following this transaction, carried out based on NAV, Icade owns a 57% equity interest inIcade Santé.About Icade:Icade is a listed real estate company, a subsidiary of Caisse des Depôts: an investor, developer and serviceprovider in private and public property. Expertise in its different business lines enables Icade to providecomprehensive, sustainable and innovative solutions that are tailored to customer needs.In 2012, Icade recorded consolidated turnover of 1,499.3 million euros and net current cash flow of 251.4million euros. At 31 December 2012, the re-valued liquidation net asset value stood at 4,190.1 million eurosor 80.7 euros per share.Icade Santé, first healthcare property owner, is a leading investor in private clinic walls. It is held 57% byIcade and 43% by leading institutional investors.As at 31 December 2012, turnover amounted to EUR 90.9 million and the triple revalued net asset valuereached EUR 1,032.3 million.
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