29 June 2019
The French firm Colisée, through its subsidiary, the Catalan group STS, acquired the Ibicenco Sa Residència complex from the Policlínica Group. Colisée is one of the principal operators in the geriatric residence and services sector in Europe. The two parties to the sale declined to provide further details regarding the transaction.
The French group’s acquisition of STS was financed by Colisée’s majority shareholder, IK Investment Partners. At the time, the Catalan company operated a total of 590 beds in Tarragona.
Sa Residència, located at kilometre 3 of the Santa Eulalia road in Ibiza, offers 24-hour emergency medical services, psychogeriatrics, oxygen therapy, neurorehabilitation, speech and occupational therapy, psychomotor and cognitive therapy, among others.
Original Story: EjePrime – A. Escobar
Adaptation/Translation: – Richard D. K. Turner