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Wednesday, May 25, 2022
HomeLatest NewsUrbas bets on residential buildings after acquiring 90% of Foltia Healthcare

Urbas bets on residential buildings after acquiring 90% of Foltia Healthcare

Catalan company Urbanization and transport SA (better known by the acronym cities), bet on residential and social health centers focused on senior segment as a new line of business after purchase 90% owned by Fortia Healthcare, a company specialized in nursing homes, day centers, shelters and all types of services for the elderly. Through the operation, Urbas is positioned in the market with a potential portfolio 5,000 seats by 2030. Urbas, located in full extension and this operation add to agreement frame signed Belgian company Socimi Care Property Invest last January forland acquisition and full implementation of turnkey projects in Madrid, Andalusia, the Valencian Community, Galicia and Aragon with global potential value up to 140 million euros.

With this new line of businessUrbas, a company originally specialized in transport services, is moving forward in its diversification strategy in the elderly and healthcare sector adding direct and integrated management of residential and wellness centers to real estate development and residential construction services. forecasts this new business activity to go through the achievement 2000 seats in operation in 2025 and get to5000 shillings in 2030 become one of the reference operators in the marketas reported on Monday.

the company allocated that these goals are approved “perfect symbiosis” between Urbas and the Fortia team led by Rafael Iglesias, Antonio Reus and Ignacio Diaz, with more than 45 centers for the elderly and participation in dozens of investment projects in the sector.” The growing interest of investors in this segment is supported by the firm fundamentals such as a structural shortage of quality places and the age of the existing stock, an aging population and meeting growing demand“, explained Urbas President Juan Antonio Acedo.

With the purchase of Fortia Healthcare and the creation of the senior Urbas business strengthens its growth strategygives greater visibility and improves the forecasts of its business plan, which initially aims to achieve in 2025 a capitalization of more than 2,000 million euros, a turnover of more than 1,000 million and a gross operating result (Ebitda) of almost 150 million.


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