Korian continues its developpement in Spain by acquiring Grupo 5’s nursing homes activities

Korian Group announces the acquisition of a portfolio of six nursing homes on the Balearic Islands from Grupo 5, a care service operator specialized in the fields of mental health, neurologic rehabilitation and social care.

One step further to build a strong platform in Spain

This acquisition expands the offering of Seniors, a Spanish company acquired by Korian early 2019 which operates 7 high-end facilities in Andalusia and 2 facilities in Valencia , representing a diversified portfolio of more than 1,300 beds, including nursing homes, assisted living and day care services.

These 6 additional facilities, located on the island of Mallorca care for nearly 700 residents (private and concerted beds ) and 130 day centre visitors.

 

Korian - Grupo 5

 

A group in adequacy with the Korian quality

ISO 9001 certified, those facilities meet Korian’s quality standards both in terms of comfort and care. In particular, they rely on experienced multidisciplinary teams that operate according a people-centered model to provide personalized and adapted care to the needs while promoting proximity as well as facilitating connection with families, in line with Korian’s Positive Care.

 

 

Guillermo Bell, CEO of Grupo 5, stated: " We are delighted to leave our nursing homes in the care of the Korian Group that benefits from proven European expertise in this area and has a solid reputation in providing personalised and continuous care to the elderly. With this partial divestment, we are focusing on the development of new centres in the areas of mental health and neurologic rehabilitation.”"

 

Sophie Boissard, CEO of Korian Group added: “We are proud to have been entrusted the nursing home activities of Grupo 5 that invested heavily in both quality and care for elderly. We reached a second phase in building a Spanish platform. Korian will continue to actively pursue its development in the Spanish market and will take advantage of the opportunities in the Balearic Islands to expand its historic business and to develop adjacent activities.”