123Venture invests €11m in Philogeris Residences

The fresh capital has allowed Philogeris to acquire seven retirement homes as well as Resideal Santé, a structure providing services to independent retirement homes managers.

The new group now comprises seven retirement homes able to host 500 patients. Philogeris employs 248 people and forecasts a €18m turnover for 2011.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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