• Transaction / Assets
    Healthcare Activos Acquires Fourth Nursing Home in Salamanca
  • Seller
  • Buyer
    Healthcare Activos
  • € MM

Healthcare Activos Adds Nursing Home in Salamanca to Portfolio

8 February 2019

The investment fund, which specialises in real estate assets in the health and dependency sector, recently finalised the acquisition of the Sauvia residence.

Healthcare Activos, a Spanish investment fund specialising in real estate assets in the health and dependence sector, has just started 2019 with a  new acquisition in Salamanca. The asset is the group’s fourth in the region, according to a report today by PlantaDoce.

The company, led by the former CEO of Sarquavitae, Jorge Guarner, has finalised the acquisition of the Sauvia residence in the town of Villares de la Reina, six kilometres from Salamanca. The geriatric centre has 219 beds and an area of ​​11,646 square meters, according to sources at the company, which, however, declined to reveal the amount it paid for the asset.

Healthcare Activos takes over ownership of such residences and subsequently leases the properties to one of the principal nursing home operators in Spain, such as La Saleta Care, DomusVi, Amavir and Orpea, among others.

Healthcare Activos has a network of 23 nursing homes in Spain

The current tenant of the Sauvia centre is the La Saleta Care group, which acquired eight nursing homes in Salamanca last September from another operator, Esgra. One of those residences is Villares de la Reina, which opened in mid-2017.

The nursing home has private and public spaces (the latter arranged with the Regional Government of Castilla y León), for indefinite and temporary (holidays, weekends, specific stays) stays, including patient recoveries (postoperative, convalescence and injury).

Since its creation at the end of 2016, Guarner’s firm has already acquired 23 assets, 19 of which are currently operational and four are under construction or rehabilitation, with a total committed investment of 205 million euros.

Original Story: EjePrime – A. Escobar

Translation: Richard Turner