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Announced

Completed

Adriano Care completed the acquisition of senior citizen nursing homes in Lugo and Terrassa for $19m.

Financials

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Transaction Value£13m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Health Care Facilities

Friendly

Acquisition

Spain

Single Bidder

Completed

Domestic

Private

nursing homes

Majority

Private Equity

Synopsis

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Azora-backed Adriano Care, a Spanish company creating a real estate portfolio of assets related with the elderly, completed the acquisition of senior citizen nursing homes in Lugo and Terrassa for $19m. The Lugo residential complex has 191 beds and is managed by the Albertia Group. The Terrassa complex, for its part, has 72 recently built beds and is managed by the Vostra Llar Group.

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