The objective is to increase from the current 500 beds to more than 2,000 in two years, becoming the main operator in the country, the company said in a statement.

“With 12 units in operation spread across the country, PSHC was founded by CoRe Capital in 2020 through the first fund of this management company, CoRe Restart”, says CoRe Capital, highlighting that it raised the private capital necessary to receive 50 million by September of the Capitalization and Resilience Fund (FdCR) through Banco Português de Fomento, with CoRe Consolida continuing to gather investment and now counting on 24 million in private capital – 74 million euros in total.

“PSHC, which is the third largest national operator in terms of number of beds, only surpassed by the Montepio and Orpea groups, is one of the first destinations in this capital that will soon transform it into the national leader in assisted living”, reads the note as reported by idealista.

According to Pedro Araújo e Sá, partner at CoRe Capital and president of the board of directors of PSHC, this is an investment that aims to “quickly achieve leadership in a sector that the State considers a national priority, with an estimated need for 30,000 new beds in the medium term”.