Romano Senior has acquired 11 urban care homes from DomusVi in a Sale & Leaseback agreement, aimed at enhancing quality elderly care amidst Spain's growing aging population.

Target Information

Romano Senior has successfully acquired a portfolio of 11 care homes through a Sale & Leaseback agreement with DomusVi, the largest operator of care homes in Spain. This portfolio encompasses a total surface area of 60,000 square meters and provides approximately 1,400 beds for elderly residents. The newly acquired assets are strategically located in urban areas characterized by a dense population and high demand for quality elderly care services.

The 11 care homes comprise both newly constructed properties and existing facilities situated in key cities including Seville, Gerona, Murcia, Vitoria, Bilbao, Narón, Vigo, and Madrid. DomusVi will maintain operational control over these homes under a long-term lease agreement, ensuring continuity of care and service quality for residents.

Industry Overview

The elderly care industry in Spain has been experiencing significant growth driven by demographic changes, particularly the increasing ageing population. With an estimated 20% of the population expected to be over 65 years