Swiss Prime Site has agreed to take over senior housing and geriatric facilities provider Boas Senior Care.
Swiss Prime Site has agreed to take over senior housing and geriatric facilities provider Boas Senior Care.
The company is a subsidiary of Boas-Yakhin Holding SA and the leading company in the field of senior care in French-speaking Switzerland.
The acquisition gives Tertianum Group country-wide coverage in the assisted living segment, following its acquisition of SENIOcare, based in German-speaking Wattwil, in October 2015.
Swiss Prime Site signed a purchase agreement to acquire 100% of the shares in the company, which realised revenues of CHF 70 mln (€64.9 mln) in 2014.
The company manages a total of 15 operating facilities with 632 geriatric care beds and 176 apartments. It will continue to be managed as a regional subsidiary of Tertianum Group AG, which manages a total of 2,492 geriatric care beds and around 1,600 apartments.
