INTERNATIONAL. History. Initially a Belgian focused company , Senior Assist is now the 3rd largest provider of Care Homes in Belgium. Founded in Belgium by two cousins: Healthcare Entrepreneur Bart Vanderschrick and financier Frank Bamelis.
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Initially a Belgian focused company, SeniorAssistis now the 3rd largest provider of Care Homes in Belgium.
Founded in Belgium by two cousins: Healthcare Entrepreneur Bart Vanderschrick and financier Frank Bamelis.
Unlike other dominant Belgian Care providers, Senior Assiststarted with a global vision:
“to build a world class Belgium operation, and to then bring it to the world.”
SeniorAssist: Local expertise, Global vision
2005: Senior Assist(Belgium)
2006: Acquired first nursing home ‘Le Saule’ (Brussels)
2007: Acquired 12 operational nursing homes (Brussels, Flanders, Wallonia) – SeniorAssist Home Care
2008: Acquired 10 operational nursing homes (Brussels, Flanders, Wallonia)
2009: Established SeniorAssist Chile (Seniority)
commenced new projects in Brussels & Liège (Belgium)
2010: Established SeniorAssist Turkey
new projects in Flanders (Belgium) opened new home in Brussels
2011: Established Senior Assist Uruguay opened biggest private nursing home in Liège. Developed new location in Antwerp
Opened SeniorAssist Güre (Belikisir –Turkey)
2012: Established Senior Assist BrazilOpening SeniorAssist Beylikdüzü (Istanbul –Turkey)Established Senior Assist Nederland with acquisition Arlero (6 mio euro revenue)
Implemented several extensions in Belgium
2013: Established SeniorAssist Peru. In acquisition discussion with largest operator in Chile. New sites identified in both regions. 7 new projects in BelgiumNew projects identified in Germany, Austria, Spain, Romania, China
Started operations in Latin America in 2009, under the name Seniority
Currently operational in 2 LATAM countries (Chile and Uruguay). 136 beds under operation, and 400 under construction.
4 other countries have the potential (and culture) to expand in the future :
Chile (started 2009)
Vina Del Mar
Punta del Este
« The reference operator in the healthcare sector in Belgium » (Cofinimmo Press release 31.01.12)
Cofinimmo: Foremost Belgian listed public real estate investment company
Beylikdüzü: located in the newly developed residential area on the European side of Istanbul.
280 beds on 7 stories, a day care center and a rehabilitation center. Safe and secure environment where the elderly can feel still part of community at large.
Vision : To be the world leader in General health Care, setting the standard in service quality. General health care includes all kinds of care focused on elderly care, care for disabled people, home care, day care, rehabilitation care, as well as patiënt care and health tourism.
Strategy : opportunistic selection of countries based on:
Country development and GDP projection.
Strategic Joint ventures
Senior Assist International will become active in a large number of countries by 2017/2018.
Max revenue diversification across countries
Growth model : Increasing exposure to unregulated markets to set up General health care services
80% in Wallonia &Brussels + 20% Flanders
+ 2800 residents
Serviced Appartments (168)
Home Care (+100 independent nurses)
95% of business
74% owned by Founders.
3000 beds in operation * 4200 beds under license * target 5000 beds under operation 2016|17
Growing home care activity
Revenue of more than 100 mio euro in 2012 – esitmated ebitdar of +22%
2017 : Belgium max 50% of business (projection) with 5000 beds under operation
Renovations, Extensions and Greenfields realised:
Sous bois, Vottem, Vedrin, Groenveld, Hof ter Dennen
Renovations, Extensions and Greenfields under construction financed
Védrin 2, Jours Heureux, Tramontane, Reine Astrid, Brise & Chêne, Mouterij Aalst, Solva Aalst, Neuve Cour, Récollets, Charmilles, Sitelles, Pleiades, Nieuwe Seigneurie
Grobbendonk, Stekene, Londerzeel, Lokeren, Grâce Hollogne, Meise, Bruxelles Anderlecht (?), Lovendegem, Gavere
Total Investment Volume : more than 300 mio EUR
SeniorAssist is like no other Belgian Care home incumbent.
Enjoys the benefits of the closed Belgian market, but looks abroad for future expansion.
Senior Assist Belgium plays an important role as knowledge and experience provider.