Icade: to buy clinic from Orpea

(CercleFinance.com) - Icade Santé, a 58.
3%-owned subsidiary of the real estate group Icade, has announced that on 29 June it signed a promise to acquire a SSR clinic in France on a sale and leaseback basis from Orpea for 27.7 million euros.

Located in Olivet (45), the facility has a capacity of 198 beds, with a surface area of 10,350 m². A firm 11-year lease will be signed with Orpea, which will continue to operate the facility. The acquisition is expected to be completed in the third quarter of 2021.

The group said that this deal is the tenth asset purchased from Orpea operated by the world leader in care homes, thus strengthening the partnership relationship between Orpea and Icade Santé over the long term.


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