Bär & Karrer Advises Swiss Prime Site on the Acquisition of Boas Group's Senior Care Segment
Swiss Prime Site AG (SIX: SPSN), the leading company for real estate investments in Switzerland, is acquiring the "Senior Care" operations of Boas-Yakhin Holding SA, Crissier, through the Tertianum Group. Senior Care is the leading group for medical and social institutions in the assisted living segment in the French part of Switzerland, managing 15 institutions comprising 632 medical beds and 176 apartments. Those activities generated a turnover of approximately CHF 70 million in 2014. The acquisition will allow Tertianum Group to cover the entire Swiss territory in the assisted living segment, strengthening as a result its position as market leader. In this context, Swiss Prime Anlagestiftung will acquire eight properties from Boas Group.
Bär & Karrer is acting as legal counsel for Swiss Prime Site AG in this acquisition. The team is co-led by Christophe Buchwalder and Thomas Reutter and includes Thomas Rohde, Daniel Heiniger, Audrey Durand and Natasa Markovic.