Swiss Life Asset Managers announces the completion of the acquisition of a minority interest from Sagesse Retraite Santé in a joint vehicle investing in Almaviva Santé, the fourth largest private hospital group in France. Further deepening its commitment to developing social infrastructure assets.
The acquisition of a minority stake in Almaviva Santé by Swiss Life Asset Managers on behalf of its clients was closed on 10 May. Swiss Life Asset Managers becomes a co-shareholder of Sagesse Retraite Santé in a joint-vehicle investing in Almaviva Santé.
Headquartered in Puyricard (Aix-en-Provence), Almaviva is the 4th largest French private hospital group with over 4,200 beds and with more than 480k patients per year, across 42 private hospitals. Led by a highly sea-soned management team, Almaviva Santé has been able to demonstrate superior operational performance. Thanks to its growth strategy focused on the development of regional clusters of medical excellence, the group has become a leader in the greater Paris and Provence/Corsica areas, two of the most dynamic and at-tractive regions in France.
Almaviva operates best-in-class private hospitals and specialises in several fields, including orthopaedics, ophthalmology, cardiology, gynaecology and digestive surgery as well as dialysis oncology and medical imag-ing. Sagesse Retraite Santé and Swiss Life Asset Managers will support Almaviva Santé’s organic and external growth initiatives to bolster its strong market position in France.
Yann Coléou, President of Almaviva Santé comments “Almaviva Santé has ambitious development projects which will benefit from the support of our new and unique combination of strong co-shareholders. We wel-come Swiss Life Asset Managers and look forward to working closely with them.”
Philippe Busslinger CEO of Wren House Infrastructure, Almaviva Santé’s majority shareholder, comments, “We are delighted to welcome Swiss Life Asset Managers to Almaviva Santé and look forward to continuing to support Almaviva in providing its high quality essential healthcare services and in exploring future growth opportunities.”
Yves Journel, founder of Sagesse Retraite Santé says “Thanks to the commitment of Swiss Life Asset Manag-ers by our side, a commitment of which we are proud, we will have the means to support Almaviva Santé in their ambitions development . We will remain its core business shareholder for the long term, with all the importance we have attached to this position since 2015.”
Commenting on the transaction, Sinisha Ponzio, Infrastructure Portfolio Manager and growth strategy lead and Emmanuel Lejay, Executive Director at Swiss Life Asset Managers who is joining the Board of Almaviva Santé, add “We are very pleased to announce this transaction and excited to bring our expertise in social infrastructure to contribute to Almaviva Santé’s next development phase, strengthening its service offering and continuing its external growth path.”
About Almaviva Santé
Almaviva is the 4th largest private hospital group in France headquartered in Puyricard (Aix-en-Provence). Almaviva has a total of c. 4,200 beds treating c. 480k patients per year, across 42 private hospitals with c. 5,700 employees of which 2,000 skilled practitioners. Almaviva Santé offers an integrated care pathway for patients with a compre-hensive range of complementary care and services and it has recognized centres of excellence in key specialties. Almaviva is majority owned by Wren House Infrastructure.
Corporate website: https://www.almaviva-sante.fr/fr/
About Sagesse – Retraite – Santé
Sagesse Retraite Santé (SRS) is a major player in the private healthcare and medical-social care sectors in France. The family holding of Yves Journel (SAGESSE) drives and provides support to SRS in terms of steering development policy and strategic orientations. SRS offers its industry expertise to financial investors and contributes, with them, to the rapid growth of the companies in which it is shareholder. SRS has a substantial property portfolio, support-ing the business of its healthcare and medical-social care subsidiaries. Managed since its creation by a stable team, SRS has accumulated considerable experience in terms of senior facility management and financial management. Its main objective is to invest using an entrepreneurial approach to support a team whose project offers ambitious organic or external growth potential.
Corporate website: https://www.srs.eu.com/