Nearly €900 million in disposals completed since mid-2022 or secured to date

Disposal of activities in Chile and the Czech Republic

Regulatory News:

emeis (Paris:EMEIS) today announced that in recent weeks, it had completed the disposal of several real estate and operating assets, as follows:

  • A memorandum of understanding between emeis and Penta Healthcare has been signed for the sale of the Group's portfolio in the Czech Republic, and an agreement is in place for the sale of its activities in Chile. Together, these two transactions represent a total disposal value of €171 million.
  • In addition, several other property disposals in Germany, Portugal, Spain, Benelux and Ireland have been completed or secured since the beginning of October 2024, for a total of €80 million.

These finalized or secured transactions represent a total of €251 million, bringing the volume of disposals completed since mid-2022 or under promise to date to almost €900 million, which is in line with the Group's ambition to achieve a disposal volume of €1.5 billion by the end of 2025. These disposals will further reduce the Group's debt and strengthen its balance sheet structure

1. Sale of the Group’s activities in Chile and the Czech Republic for €171 million1

On December 18, 2024, emeis signed an agreement with Penta Healthcare Group for the sale of the Group's activities in Czech Republic. This transaction marks the Group's withdrawal from a geographical area representing almost 1.8% of the Group's EBITDAR expected in 2024, with around 2,200 beds in 17 facilities. The transaction is subject to the usual conditions precedent, in particular with regard to competition, and should be completed in the coming months. Penta Hospital International is the leading hospital and clinic group in Central and Eastern Europe, with nearly 60 facilities in the Czech Republic, Poland and Slovakia.

In line with its stated ambition to reduce its exposure to non-strategic markets, the Group also sold this week its entire 50% stake in the Chilean company Rentas Senior Suites S.A. to its local partner Cimenta, an emeis partner since 2019. Rentas Senior Suites S.A. operates nearly 800 beds and owns a portfolio of 5 facilities. The contribution of this investment to net income was previously accounted for using the equity method.

These two transactions together represent a total sale price of €171 million, for an equivalent combined EBITDA of around €12 million2.

2. Real Estate disposals for almost €80 million

In October and November 2024, emeis also finalized or secured disposals of real estate assets in Germany, Spain, Portugal, Belgium, the Netherlands and Ireland. Together, these transactions (9 assets and 4 plots of land) represent a total disposal volume of close to €80 million, for a capitalisation rate of around 5.5% on the leased scope. These transactions were carried out with real estate funds dedicated to healthcare real estate.

Laurent Guillot, CEO : “In line with our ambition to dispose of €1.5 billion in real estate and operating assets between June 2022 and 2025, we are moving ahead with our disposal program in order to further reduce our debt and refocus our business on our core markets. These disposals illustrate the ability of our teams to follow our roadmap. In addition to the improvement in operating performance, these transactions are also improving the visibility of the Group's trajectory. To date, nearly 60% of our disposal program up to the end of 2025 has already been completed or is close to being completed, and the negotiations we are conducting strengthen our confidence in achieving this ambition.”

About emeis

With nearly 78,000 experts and professionals in healthcare, care, and supporting the most vulnerable among us, emeis operates in around 20 countries with five core activities: psychiatric hospitals, post-acute and rehabilitation hospitals, nursing homes, home care services, and assisted-living facilities.

Every year, emeis welcomes 283,000 residents, patients, and other beneficiaries. emeis is committed and is taking action to rise to a major challenge facing our society, i.e., the increase in the number of people placed in vulnerable positions as a result of accidents or old age, and the rising number of cases of mental illness.

emeis is 50.2% owned by Caisse des Dépôts, CNP Assurances, MAIF, and MACSF Épargne Retraite. It is listed on the Euronext Paris stock exchange (ISIN: FR001400NLM4) and is a member of the SBF 120 and CAC Mid 60 indices.

Website: www.emeis.com/en

1 Value of the shares sold for Rentas Senior Suites, and enterprise value for activities in the Czech Republic 2 Excl. IFRS 16, Incl. EBITDA from Rentas Senior Suites on group share basis.

Press Contacts Isabelle HERRIER NAUFLE Director of Press Relations & e-Reputation +33 7 70 29 53 74 isabelle.herrier@emeis.com IMAGE 7 Charlotte LE BARBIER // Laurence HEILBRONN +33 6 78 37 27 60 // +33 6 89 87 61 37 clebarbier@image7.fr // lheilbronn@image7.fr

Investor Relations Samuel HENRY DIESBACH samuel.henry-diesbach@emeis.com Director Investor Relation Capital and Debt markets Toll free number for Shareholders (France only) 0 805 480 480 NEWCAP Dusan ORESANSKY +33 1 44 71 94 94 emeis@newcap.eu

Emeis (EU:EMEIS)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025 Click aqui para mais gráficos Emeis.
Emeis (EU:EMEIS)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025 Click aqui para mais gráficos Emeis.