“We currently have a base of 660 beds and have projects underway to add 430 new beds nationwide in continuous care, under contracts with the National Network for Continuous Integrated Care,” noted Pedro Capitão.
Portugal Senior Health Care, a company providing assisted living for the elderly and continuous care units founded by CoRe Capital in 2020, will operate under the brand name SER — Senior Exclusive Residences starting in July, as part of an expansion process aiming for national sector leadership by the end of the decade.
In statements to Lusa, the CEO of the SER Group explained that by the end of the year, 81 new continuous care beds will be created as part of the expansion of the Amares unit (Caldelas).
Regarding expansions, 100 beds will be added in Tregosa — Barcelos, 33 in Fátima, and 36 in Sintra, also by the end of the year.
“In the Greater Lisbon area, we will have 180 new beds created by 2026. There will be 120 in Almada and 60 in Amadora,” he added.
According to Pedro Capitão, with this 22 million euro investment, the group will have a total of 1,090 beds in operation in 11 units, with 50% of these beds allocated to the public network (National Network for Continuous Integrated Care) and the remaining for the private market.
With a total of 1,090 beds operating throughout the year 2027, the group expects to reach 32.5 million euros in turnover by the end of that fiscal year.
“For many years, we identified this need and have been investing and increasing capacity in new units. Since 2020, we have been acquiring and increasing the number of units in operation, with greenfield projects, as was the case last year with the units in Coimbra and Marinha Grande,” he further stated.
Regarding investments this year and the next, the CEO of the SER Group emphasized that they align with the identified growth potential, addressing the significant shortage relative to demand.
“We intend to reach two thousand beds by 2030. These investments aim to achieve leadership in a sector that the State considers a national priority,” he concluded.
The SER group operates in the two main market segments for assisted living: the so-called residential establishments for the elderly (ERPI) and the continuous integrated care unit (UCCI) beds contracted with the respective national network.
CoRe Capital is the management company founded by Nuno Fernandes Thomaz, Martim Avillez Figueiredo, Pedro Araújo e Sá, and Pedro Soares David.
Its funds have invested in the recovery of historic companies, with significant influence on the local economies of the North and Center of Portugal and employees with extensive ‘know-how’ in their respective sectors.
