Private hospital in Nantes sold for €194m

Private hospital in Nantes sold for €194m

Icade Santé has signed an agreement with private hospital group Vivalto Santé to acquire the Confluent Group (Nouvelles Cliniques Nantaises), which owns the Confluent private hospital located in Nantes.

Following this transaction, Icade Santé will own the property assets of the Confluent private hospital in Nantes, worth a total of €194 million.

The Confluent private hospital covers close to 58,000 sq.m, being one the largest private hospitals with 509 beds and places and 28 operating rooms. The facility took 4th place in Le Point’s 2019 annual ranking of the best public and private hospitals in France.

The operation of this site will be taken over concurrently by Vivalto Group, a leading French private hospital operator. A 12‑year lease with no break option has been entered into between the operator and Icade Santé.

This acquisition, which is part of Icade Santé’s ambitious expansion plan including the goal of investing €1 billion in France by 2022, strengthens the partnership between Icade Santé and Vivalto Santé with a third facility leased to this operator.

In addition, it bolsters Icade Santé’s position as the leader in healthcare real estate in France, with a portfolio encompassing 128 assets and worth a total of €4.9 billion (excluding duties).