• Transaction / Assets
    stakes in two hospitals in Loures and the Azores
  • Seller
  • Buyer
    Horizon Equity
  • € MM

Horizon Equity Acquires Stakes in Two Hospitals

28 September 2020 – The Horizon Equity Partners fund has finalised its acquisition of a 50% stake in the company that built and operates the Beatriz Ângelo Hospital, in Loures, along with a 40% stake in the Santos Espírito Hospital on Terceira Island, in the Azores. The fund manager reportedly paid approximately 75 million euros, including the assumption of debt, to Mota-Engil for the assets.

Loures Hospital has been functioning since 2012, and has an operating contract with SGHL – Sociedade Gestora do Hospital de Loures that lasts until 2039. Other shareholders in the firm include Luz Saúde, Novo Banco, Opway and Dalkia.

The firm that controls the hospital in the Azores Hospital also saw its contract extended until 2039. Such firms as Aberdeen, the Marques group and Dalki hold the other 60% of the firm.

Original Story: Economia Online – António Costa

Translation/Summary: Richard D. Turner