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New Deal


Announced

Union Bancaire Privée and RMG to acquire health campus in Meyrin from Hôpital de La Tour for $813m.

Financials

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Transaction Value£672m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Other Specialty REITs

Pending

Acquisition

Friendly

Private

Majority

Real Estate

Domestic

real estate

Switzerland

Synopsis

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Union Bancaire Privée, a private banking company, and Risk Management Group, a financial planner, agreed to acquire health campus in Meyrin from Hôpital de La Tour, a private hospital, for $813m. “We want to use the hospital as the hub of a larger and more ambitious “health campus” bringing together players in the medical, research, medical technology and training fields. This group of private investors led by the Latsis family has strong ties to Geneva. Since they bought the hospital ten years ago, they have not stopped investing in health and innovation. This project reflects their willingness to commit themselves over several generations," Jenny Paizi, SETE Family Investment Officer.

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