The French company Euryale has purchased the CHSLD Argyle/Saint-Lambert, located on the South Shore of Montreal, for 26.5 million dollars. The CHSLD was owned and managed by Excelsoins in Pointe-Claire, under Christian Archambault, who will keep on ensuring its day-to-day management. “[Our translation] We sold the walls, but we signed a 24-year lease with the new owners to continue our operations”, mentions Mr. Archambault, president of the group Excelsoins, in an interview with La Presse. “[Our translation] Our job is to take care of people. Real estate, it’s a heavy burden. By selling, we can generate available assets and reinvest in our business.”
This transaction was made possible thanks to the expertise of Cain Lamarre’ s professionals in real estate, tax, and transaction law. Our firm is proud to represent a client such as Excelsoins as they contribute to the improvement of living standards, in a healthy and safe environment, for adults and particularly for the elderly who suffer from loss of autonomy. We have the privilege of representing a client with a social and humanitarian vocation, and values that echo our own.
The professionals from our offices in Montreal and Quebec worked together to accompany Excelsoins in this transaction. Assigned to this case were Me Stéphane Lalande, Me Antoine Michaud-Sorret, Me Mélanie Ruiz-Pardo, and Me Jean Leclerc. Cain Lamarre is proud to be able to count on professionals across Quebec who work in synergy and pool their skills to provide effective solutions for our clients.
Created in 2013, Excelsoins now owns ten residences that offer various care for people suffering from loss of autonomy, family-type ressources, intermediate ressources, and private CHSLD. It counts approximately 1,200 residents, and 800 employees in 10 residences in Quebec.
Created in 2009, Euryale is a portfolio management company of real estate assets in healthcare, in France, Europe, and worldwide. Euryale owns more than 234 real estates, representing more than 1 million square meters and nearly 3 billion euros in assets.