Primonial REIM has finalized the sale-and-leaseback acquisition of a portfolio of seven healthcare facilities in France from ELSAN, the largest private hospital operator in France, for €252 million ($300 million). This acquisition is accompanied by the establishment of a long-term partnership, since the properties acquired by Primonial REIM will continue to be operated by ELSAN.
The real estate portfolio acquired is divided between two French regions: Auvergne-Rhône-Alpes and Bourgogne Franche-Comté. The portfolio includes two medical and surgical clinics, three medical surgical and obstetrics clinics, and two follow-up care and physiotherapy clinics, representing a total surface area of more than 80,000 square meters (860,000 square feet) and more than 1,000 beds.
