INTERNATIONAL
Initially a Belgian focused
company, Senior Assist is
now the 3rd largest provider
of Care Homes in Belgium.
Unlike other dominant
Belgian Care providers,
Senior Assist started with a
global vision:
“to build a world class
Belgium operation, and to
then bring it to the world.”
History
Founded in Belgium by two cousins:
Healthcare Entrepreneur Bart
Vanderschrick and financier Frank
Bamelis.
Senior Assist: Local expertise,
2005: Senior Assist (Belgium)
Global vision
2006: Acquired first nursing home ‘Le Saule’ (Brussels)
2007: Acquired 12 operational nursing homes
(Brussels, Flanders, Wallonia) –
Senior Assist Home Care
2008: Acquired 10 operational nursing homes
(Brussels, Flanders, Wallonia)
2009: Established Senior Assist Chile (Seniority)
commenced new projects in Brussels & Liège (Belgium)
2010: Established Senior Assist 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 Senior Assist Güre (Belikisir –Turkey)
2012: Established Senior Assist Brazil
Opening Senior Assist Beylikdüzü (Istanbul –Turkey)
Established Senior Assist Nederland with acquisition Arlero (6 mio euro revenue)
Implemented several extensions in Belgium
2013: Established Senior Assist Peru.
In acquisition discussion with largest operator in Chile.
New sites identified in both regions.
7 new projects in Belgium
New projects identified in Germany, Austria, Spain, Romania, China
Senior Assist Latin America
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)
• Santiago
• Concepcion
• Vina Del Mar
• Uruguay (2011)
• Montevideo
• Colonia
• Punta del Este
• Peru (2012)
• Brazil (2012-2013)
• Colombia (2013+)
• Argentina (2013+)
« 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
Galatasaray
Güre
Beylikdüzü Elderly Care Center Turkey
Opened 09/2012
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.
Senior Assist International

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:





Individual contacts
Country development and GDP projection.
Population demographics
Market maturity
Strategic Joint ventures
Senior Assist international

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
Senior Assist Belgium
(The base)
Nursing homes
•
•
•
•
34 locations
80% in Wallonia &Brussels + 20% Flanders
+ 2800 residents
1800 employees
Senior Assist Belgium
Daycare Centres Serviced
(2)
Appartments (168)
Home Care
(+100 independent nurses)
Senior Assist Belgium

2012 :






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
Senior-Assist Belgium

Renovations, Extensions and Greenfields realised:


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
Greenfields


Sous bois, Vottem, Vedrin, Groenveld, Hof ter Dennen
Grobbendonk, Stekene, Londerzeel, Lokeren, Grâce Hollogne,
Meise, Bruxelles Anderlecht (?), Lovendegem, Gavere
Total Investment Volume : more than 300 mio EUR
Senior Assist Belgium
Senior Assist Belgium
Senior Assist Belgium
To conclude



Senior Assist 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.