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La Saleta Invests €60M in its Expansion Across Spain

Posted by: In: Real Estate 03 May 2018 Comments: 0 Tags: , , , , , , , , , , ,
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2 May 2018 – Eje Prime

La Saleta is committed to becoming one of the leading operators of nursing homes in Spain. The Valencian company, which has been owned by the Belgian firm Armonea for the last two years, has completed the acquisition of six nursing homes so far this year in operations worth €60 million.

La Saleta already owns its first centres in Valladolid, Burgos and Asturias, which it integrated with the purchase of the company Bau Gestión at the beginning of the year. To that, it has added the acquisition of a new property in Álava, the Albertiaetxea home, and it is now negotiating new purchases in the País Vasco. La Saleta has also added two centres in the province of Alicante, one in El Vergel and the other in the capital, with a management agreement, according to Expansión.

These six additions contain 935 beds and increase La Saleta’s total capacity to 4,500 beds. Moreover, the firm has started work on the construction of two new nursing homes in Tomares (Sevilla) and Lugo, which involve €16 million of investment and 310 additional beds.

La Saleta transferred the ownership of three properties acquired from Bau Gestión to the fund Healthcare Activos and also sold another six properties in the Community of Valencia to the French fund Primonial Reim for €35 million. “The aim of La Saleta is to expand (capacity) by 2,000 beds and so we are already halfway there”, said Fernando Ruiz Castillo, CEO of the group. La Saleta closed 2017 with turnover of €58.1 million.

Original story: Eje Prime

Translation: Carmel Drake

The post La Saleta Invests €60M in its Expansion Across Spain appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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