20 February 2019 - Press release

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COLISEE expands its network with the Belgium group ARMONEA, to create the fourth largest elderly care group in Europe

Colisée announces the signature of the agreement for the acquisition of the Group ARMONEA.

•  In France, Belgium, Spain, Italy and Germany, both combined networks, aggregating 270 specialized facilities, receive more than 26,800 residents.
•  Colisée and Armonea hence pool their expertise and shared values to develop further a high quality supply of facilities and care services for the elderly.

Founded in 2008, by the merger of Restel Résidences, owned by Verlinvest, and the Group Van den Brande, Armonea is the eldercare facilities leader in Belgium, also present in Spain and Germany, with more than 17,500 residents accommodated in medical facilities and service flats.
The alliance of Colisée and Armonea, based on a strong geographical complementarity, together with values and a common vision, becomes henceforth the 4th European player in the field of facilities and care for the elderly with a turnover close to 1 billion euros. This new collaboration will be the opportunity for all Colisée and Armonea teams to share their best practices and to continue to make the CORE values (Cohesion team, Respect for the others, Engagement) live.

“We are combining two key players, with a clear cultural and shared values alignment. We are delighted to welcome Armonea within an entity encompassing some 270 facilities and more than 26,000 residents in 5 large European countries. This tremendous development project is supported by our majority shareholder, IK Investment Partners, who has been accompanying us since July 2017, and whom we thank for their trust.” – Christine JEANDEL, CEO, Colisée.

The closing is subject to the fulfillment of the condition precedent that the competent authority for mergers approves the operation.

Key figures :
Number of establishments: 270
Number of beds: 26,800
Number of employees: 18,350
N°4 in Europe: France, Germany, Belgium, Spain, Italy

About Colisée :
Colisée, a key player in the global old-age dependency sector, has developed a real expertise in elderly people care and well-being. Its network includes 119 facilities in France, Italy and Spain, for a total of 9.816 beds, and home-based service agencies in France. In those two business segments, Colisée employs more than 8000 people. Its majority shareholder is IK Investment Partners. www.groupecolisee.com

About d’Armonea :
Armonea is the widest independent group in the field of eldercare services in Belgium. Every day, our 6,500 collaborators assist more than 9,000 seniors to live it up to the best of their abilities. In almost 40 years of existence, Armonea has gained a great expertise in care for dementia, in particular in the Uccle specialized nursing home. The Anahata experience and dementia knowledge center enables us to share this expertise with our 74 nursing homes in Flanders, Brussels and Wallonia. Armonea also offers stays in residences or day centers.
The group is furthermore present in Spain and Germany where it manages 64 nursing homes.
To get to know more about Armonea and our nursing homes, visit www.armonea.be.

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Contact presse :
Marie-Gabrielle de MARCHIS
Tél. portable : +33669 40 32 17
E-mail : mg.demarchis@nouvellesaison.com