Powered by

ICADE ACQUIRES 9 HEALTHCARE FACILITIES IN GERMANY AND FRANCE FROM ORPEA FOR (EURO)145M; Icade1 signed preliminary agreements with ORPEA to acquire a real-estate portfolio of nine nursing homes, including eight in Germany and one in France, for a total of

Jul 21, 2020 - Business Wire
Mergers and Acquisitions

Regulatory News:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200720005808/en/

(Photo: Business Wire)

The acquisition of the real-estate portfolio-composed of eight nursing homes in Germany and one in Marseille, France- is part of a sale-and-leaseback transaction between Icade and ORPEA (Paris:ORP), the world leader in long-term care.

ORPEA, which developed most of these facilities, will lease and continue to...