Healthcare Activos: Jorge Guarner’s Investment Vehicle Continues its Spending Spree

8 October 2018 – Eje Prime

Jorge Guarner (pictured below), formerly the head of Sarquavitae, is raising his commitment to the purchase of healthcare real estate assets. Healthcare Activos, the investment fund that he manages, has an ambitious plan underway to compete with other residential care operators in the sector. The firm expects to conclude the year with more than 22 assets in its portfolio and will exceed the investment barrier of €205 million.

Last week, Healthcare Activos entered the Spanish hospital sector with the acquisition of Hospital Campo de Gibraltar in Palmones (Cadiz) from the Quirón group. In this way, it closed the purchase of its 18th asset in Spain.

In a statement to PlantaDoce, Guarner said, “the company’s objective is to exceed 22 assets this year”, whilst noting that, for the time being, “none of its purchases are going to be conducted beyond the Iberian Peninsula”. To date, Healthcare Activos has invested almost €110 million this year. Looking ahead to 2019, the firm will invest another €200 million.

Two weeks earlier, the company conquered the centre of Madrid with the opening of a commercial office on Paseo de la Castellana. That site, which is located at number 45, will respond to the expansion plans that the company is preparing for the whole of the domestic territory. The facility comes in addition to the central offices that the group has on Calle Pau Casals in Barcelona.

The next steps for Guarner’s company involve two projects in Cataluña. Healthcare Activos has already started to renovate two residential centres, one located in Cerdanyola del Vallès and the other in Igualada. Both will be fully operational as of next year.

After the Catalan centres, the company is going to launch the Amézola residence, during the second half of 2020, with capacity for 140 beds and with a surface area of 8,315 m2, which will be located in Bilbao.

Healthcare Activos has scheduled its debut on the stock market for 2020. The investment arm of the former Sarquavitae CEO plans to debut on the Alternative Investment Market (MAB) within two years (…).

In the words of Guarner, the sector for the care of the elderly has a lot of potential in Spain. “We need to focus on people aged over 85 years because 15% of them are having to be admitted to hospital or specialised care centres”, recognises the CEO of Healthcare Activos.

Original story: Eje Prime (by Alberto Escobar)

Translation: Carmel Drake

74