We are pleased to have advised emeis Ireland (formerly Orpea) on the sale and leaseback of three brand new nursing homes to Healthcare Activos. This deal represents Healthcare Activos’ first entry into Ireland.
We advised emeis on and negotiated the full suite of deal documents, including the share purchase deal, agreements for lease and operational leases for these three state-of-the-art nursing home facilities. We also advised on related tax and construction matters.
emeis is the leading operator of nursing homes in Ireland by number of beds, and is a major international operator in this and other healthcare sectors, headquartered in France.
Robert Dickson, Healthcare Sector Lead and Corporate Partner, who led our advisory team on this deal with Vanessa Byrne, said: “This is an important deal for Ireland’s nursing home sector. With a total of 332 beds spanning the Portmarnock, Portlaoise and Kilkenny regions, these facilities will provide much-needed additional capacity to cater for the needs of residents in the localities of these nursing homes.”
Vanessa Byrne, Partner and Co-Head of Real Estate, said: “We are pleased to continue to advise emeis on matters of such commercial and strategic importance as they aim to hit their target of €500 million worth of real estate disposals per year up to 2026.”
Our advisory team also included Partners Niamh Caffrey, Stephen Cowhey, Shane Dolan, and Eimear Lyons. They were assisted by Senior Associates John McDonagh and Jane Lynch, and Associates Isobel Lorigan, Carl Grenville, and Stephen McGonagle.
We possess a dominant transactional Healthcare practice. Our specialist lawyers have acted on many of the largest nursing home transactions in Ireland in recent years, and the breadth of our expertise in this sector across the Corporate, Real Estate, Construction, Tax, and Regulatory practice areas is unrivalled in the Irish market.
For more information and expert advice on similar anticipated deals in the Healthcare or Built Environment sectors, please contact a member of our Corporate or Real Estate teams.
