Former SARquavitae Director Creates Fund With Oaktree

1 December 2016 – Expansión

The former CEO of SARquavitae, Jorge Guarner, has joined forces with Oaktree Capital to launch a new fund, Healthcare Activos, an investment vehicle specialising in real estate assets in the healthcare sector. The fund has a minimum size of €100 million, according to sources in the sector.

Healthcare Activos, which is headquartered in Barcelona, places its focus on acquiring real estate assets such as hospitals, clinics and other medical centres, both in Spain and overseas. The vehicle has not made any purchases to date.

The project is led by Guarner, who served as the CEO and Director General of the nursing home and services group between 2003 and 2015.

Guarner is an expert in the field of healthcare. He is currently a Director of the group Confide Correduría and a partner at the international consultancy firm Sphera Global Healthcare. At a more institutional level, he is a member of the Board of Directors of the Spanish Association of Directors and a member of the advisory board for Esade’s Health and Pharmacy Club. Meanwhile, Oaktree is a fund that has starred in several major operations in Spain, such as the sale of Panrico to Bimbo.

The Board of Directors of Healthcase Activos includes Guarner as the Chairman; Karim Khairallah as the Director General of the investor group; and Carlos Gila as the expert in business restructurings. Sergio Sánchez Solé, a lawyer from Garrigues, has been appointed as the Secretary to the Board.

Original story: Expansión (by G. Trindade)

Translation: Carmel Drake