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Icade Santé acquires two clinics

Icade Santé (56.5% owned by Icade) acquired two clinics on April 12 and 13, 2017, respectively: the Ormeau MSO polyclinic in Tarbes (Hautes-Pyrénées) from the Médipôle Partenaires group, for a total of €43 million (including duties), following the preliminary agreement signed at the end of 2016. This polyclinic has two sites: Ormeau Centre (10,437 sq.m) and Ormeau Pyrénées (10,609 sq.m), and the Helios disability care home in Saint-Germé (Gers) for €9.7 million (including duties), in partnership with the Clinipôle group from Montpellier, which concurrently takes over the operation. On this site, total floor area is 5,800 sq.m, with a land area of 23,000 sq.m.The two clinics are subject to 12-year leases with no break options. A...[…]