Threestones Capital acquires nursing home in Spain

Threestones Capital has acquired a nursing home facility in Rubià, Spain, for its TSC Fund — Eurocare IV investment vehicle. Financial terms were not disclosed.

Located in the north of the east side of Galicia, almost on the border with Castilla y León, the nursing home offers basic amenities at walking distance. Completed in 2008, the two-floor building boasts rooms with large common areas, as well as 86 beds and two basements.

Mimara Residencial, an operator of elderly care residences in Spain, will take over operations of the nursing home.

“We are glad to announce our 14th acquisition in Spain via Eurocare IV sub-fund, which brings the total number of care beds managed by Threestones Capital in the country to 1,493,” said Beka Pipia, portfolio manager at Threestones Capital. “The acquisition of the nursing home in Rubià reflects Threestones’ commitment to expanding its portfolio of senior housing and providing high-quality care for the elderly po