Transaction / AssetsHM Sanchinarro and HM Torrelodones SellerACCT 2010 Management Initiatives Buyerunnamed US fund € MM150
The Abarca Family Sells Two Hospitals in Sale and Leaseback Operation
8 October 2019 – The Abarca Cidón family, the owner of HM Hospitales, has finalised the sale of the properties where two of its main healthcare centres, HM Sanchinarro and HM Torrelodones, are located for approximately 150 million euros to an unnamed US fund.
The Abarca family sold the assets in a sale & leaseback operation whereby the family is seeking to reduce its total exposure to the healthcare sector. At the same time, the family’s fund, patrimonial ACCT 2010 Management Initiatives, has just inaugurated a hotel in Lisbon and they are finalising work on another in Porto. Casual Hotels, the Valencian chain of themed urban establishments, will operate the two hotels.
Original Story: El Confidencial – Víctor Romero / Carlos Hernanz
Adaptation/Translation: Richard D. K. Turner