Edition:
India

Korian Announces Three New Acquisitions In Spain, France And Germany


Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - KORIAN SA ::THREE NEW ACQUISITIONS IN SPAIN, FRANCE AND GERMANY.BUYS SENIORS, SPANISH CO OPERATING GROUP OF 7 HIGH-END LONG-TERM CARE NURSING HOMES AROUND MALAGA IN ANDALUSIA.SAYS SENIORS GENERATED REVENUE OF AROUND EUR 15 MILLION IN 2018.BUYS OMEGA GROUP, SPECIALIZED IN ELDERLY CARE AND BASED IN SOUTH-WEST FRANCE.SAYS OMEGA GROUP GENERATED REVENUE OF EUR 40 MILLION IN 2018.IN GERMANY, ACQUIRES SCHAUINSLAND, WHICH OPERATES 6 LONG-TERM CARE NURSING HOMES IN BADEN-WURTEMBERG AREA.SAYS SCHAUINSLAND GENERATED REVENUE OF EUR 17 MILLION IN 2018.IN DEC., ISSUED EUR 450 MILLION OF SCHULDSCHEIN FINANCING COMPOSED OF TRANCHES WITH MATURITIES OF 5 TO 8 YRS.ON SCHULDSCHEIN: OPERATION WAS LARGELY OVER SUBSCRIBED.ON SCHULDSCHEIN: OPERATION WAS RAISED TO EUR 450 MILLION DUE TO HIGH DEMAND AND FAVOURABLE RATES AND MARGIN CONDITIONS.