MEDICA (Paris:MDCA), a leading provider of long and short-term
dependency care in France, today announced that it had entered into a
sale and leaseback transaction involving a portion of its property
On 18 December 2012, MEDICA signed a property sale and leaseback
transaction for €131.5 million over a 12-year term, as part of a
club-deal bringing together NATIXIS LEASE IMMO, as syndicate leader and
OSEO and BANQUE POSTALE CREDIT ENTREPRISES, as club-deal members. MEDICA
maintains control over its assets with a buy back option.
Entering into a property sale and leaseback transaction will enable
MEDICA to continue diversifying and optimising its financing terms by
setting up a long-term property loan.
This transaction, made possible due to the quality of its assets,
involves 15 establishments, with a total of around 1,100 beds.
Fourth-quarter 2012 revenue: Tuesday, 12 February 2013 before
start of trading.
Created in 1968, MEDICA is a leading provider of long and short-term
dependency care in France. It operates in both the long-term care
sector, with nursing homes in France and Italy, and in the post-acute
and psychiatric care sector. In these two sectors, the Group operated a
total of around 16,600 beds and employed more than 9,200 people as of 30
MEDICA has been listed on the NYSE Euronext Paris stock exchange since
February 2010 – Compartment B – Eligible for the Deferred Settlement
MEDICA is included in the SBF 120, Euronext CAC Healthcare, MSCI France
Small Cap and Gaia indices.
MDCA – ISIN: FR0010372581 – Reuters: MDCA PA – Bloomberg: MDCA FP