Healthcare Activos is pleased to announce the launch of Healthcare Activos Hospitals, the newly created platform fully focused on private hospital infrastructure across Europe. The platform is anchored by existing long-term institutional investors with an initial investment target of €800m across Europe.
Healthcare Activos Hospitals aims to support private hospital operators across key European regions where there is a significant need to develop, expand and modernize hospital infrastructure to meet the growing demand driven by population ageing and increase of chronic diseases, among others.
Private hospital demand has been surging during the last decades especially in NHS-centric countries such as United Kingdom, Iberia, Italy and Ireland on the back of insufficient publicly-funded coverage, increasing waiting lists, penetration of private medical insurance and lack of resources from public systems and governments.
The new platform has signed its first acquisition with the addition of three hospitals in Lisbon, Porto and Albufeira. These assets were acquired from funds managed by Praemia REIM on behalf of French institutional investors, including Icade. The total transaction value including future capex investments to expand and modernize the assets amounts up to €250m.
The hospitals are operated by Lusíadas Saúde, a top 3 hospital group in Portugal, which is owned by the French hospital specialist Vivalto Santé. The hospitals sum a total of c. 90,000 square meters and generated c. €300m of revenues in 2025 with 21 operating rooms, 353 inpatient beds and 267 consultation rooms.
Healthcare Activos holds a significant pipeline of hospital opportunities across Europe in partnership with leading private operators to acquire or develop new modern purpose-built infrastructure maintaining the same business fundamentals as in all Healthcare Activos investments: our unique operator mindset and underwriting process guarantee conservative long-term inflation-linked returns
With the investment signed today, Healthcare Activos reaches €1.6bn of assets under management in 7 countries, split approximately €1.2bn in nursing homes, mental health and rehabilitation, and €400m in hospitals and clinics. The aim is to continue growing the platform in all verticals by investing up to €400m per year, reaching €3.0bn of assets by 2030.
About Healthcare Activos
Healthcare Activos is the leading European Healthcare real estate platform (including hospitals, clinics and nursing homes). Since its creation in 2016, the firm has acquired and developed 87 assets valued in excess of 1,600 million euros and totaling more than 660,000m2 across Europe. Healthcare Activos investments are based on long-term business fundamentals: selected high-quality assets, leased to the main European operators with long-term triple net contracts and fixed rents indexed to inflation. Healthcare Activos offers a full range of investment options, from the development of new buildings to the acquisition of operational and stabilized properties.