Groupe Bridge Acquired 3 nursing homes from Philogeris

Bridge, an independent operator of nursing homes founded by Charles Memoune in 2017 that completed a capital increase of €180m in June of last year, finalized its first external growth operation with the acquisition of 3 nursing homes with a total capacity of 245 extra beds, from Philogeris Group.

The 3 nursing homes (Résidence Bois la Rose, Bastide de Mont Vinobre and Résidence Les Cèdres) are respectively located in Normandy, Auvergne-Rhône-Alpes and in the Ile-de-France regions, and generated cumulative sales of €11m in 2020. These acquisitions are a part of Bridge’s territorial growth strategy.

The team from IMAP France (Degroof Petercam) acted as financial advisor to the buyer.