Icade Santé
Icade Santé, a 56.84% owned subsidiary of Icade—with the remainder being owned by institutional investors— holds a portfolio of 132 healthcare facilities, representing assets worth €5 billion (excluding duties, on a full consolidation basis) as of June 30, 2020.
Olivier Wigniolle CEO of Icade Santé, the CEO of Icade SA (which owns a 56.84% stake in Icade Santé)
« Icade Santé is the largest healthcare property investor in France—the leader of a resilient, non-cyclical asset class underpinned by strong fundamentals. »
In October 2019, after being assigned a rating of BBB+ with a stable outlook by Standard & Poor’s, Icade Santé launched its first bond issue with a benchmark size of €500m, listed on Euronext Paris. It will help fund Icade Santé’s expansion plan, which has set the goal of investing €1bn in France by 2022.
Xavier Cheval Deputy CEO Of Icade Santé
« As an investor in nursing homes and other healthcare properties, we help our tenants achieve their goals over the long term. We enable them to provide the best quality of care by constantly upgrading our buildings and making them more sustainable. »
21 July 2020
As Icade Santé’s portfolio consists mainly of private acute care facilities, its tenants have played a crucial role in fighting the pandemic. However, due in part to the measures introduced by the French government in support of healthcare operators, Icade Santé has not felt the full brunt of the Covid-19 crisis. By the end of June, the situation had almost returned to normal, demonstrating the resilience of this asset class.
Download the press release (PDF - 823 kB)15 November 2019