+420 234 717 565
Phone number
Elderly Accommodation – Elderly Medical Tourism
Type of the investment – objectives
Development of a new generation of high level private elderly accommodation facilities in Czech thermal areas, such as Karlovy Vary (Carlsbad), Mariánské Lázně (Marienbad), Frymburk. Compliance with UN Sustainable Development Goals: 3 (Good Health and Well-being).
The project will be a pilot which could be replicated in other European areas.
Benefit from experience gained after the inadequacies of current elderly accommodation facilities (applying new organizational models).
Insight by our partners and the Technoscience health science park to implement the latest healthcare technologies (tele-monitoring, wearables, AI and so on)
All the solutions implemented would be compliant with the latest provisions against Covid-19 contagion
Investment amount of 5 million Euros
Investment amount of 5 million Euros to develop and operate the first accommodation facility.
Market opportunity: people over 75 in the EU expected to double by 2050, fostering an increase between 3.5 % and 5.5 % in the demand of healthcare and accommodation facilities for elderly people.
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Czech Republic has the highest potential, since the percentage of over-65 population could double by 2065.[data source: European Commission]
Timeline for implementation
4Q of 2020
Purchase of the building and refitting
4Q of 2020
2021
Start of operations
2021 - 2022
model test and refinement
2021 - 2022
2022 - 2023
start of new facilities, break-even of the first project
2023 - 2025
consolidation of started facilities
2023 - 2025
2026 - 2027
exit (IPO, sale of business etc.)
Risk management
External risks:
regulation tightening by authorities and uncertainty after Covid-19, both are mitigated by the novelty of the concept and the high-tech approach thanks to insight from our partners
Internal risks:
Performance Scenarios
Favorable Scenario:
IRR 32% –creation of a brand, new investments to expand up to 10 facilities
Moderate Scenario:
Unfavorable Scenario:
Relevant legislation
GOOD LIFE SICAV a.s. is a fund of qualified investors according to Act No. 240/2013 Coll., on Investment Companies and Investment Funds, the shareholders of which may only become qualified investors as defined in Section 272 of this Act.
Key information document of the fund - KID
is available on https://www.avantfunds.cz/en/obligation/. The document may be obtained in a hard-copy form in the place of registered seat of the company AVANT investiční společnost, a.s., CITY TOWER, Hvězdova 1716/2b, 140 00 Praha 4 – Nusle.
Other important information
Other important information for investors is available on:
Good Life SICAV, a.s.
Ph. number: +420 234 717 565
E-mail: support@fundgoodlife.cz
Good Life SICAV a.s.
ID n° 093 08 741
File ref. N° B25481 at Municipal Court in Prague
Good Life SICAV a.s.
ID n° 093 08 741
File ref. N° B25481 at Municipal Court in Prague
Registered office: CITY TOWER, Hvězdova 1716/2b, 140 00 Praha 4 – Nusle
Headquarters: Jindřišská 901/5 110 00 Nové Město, Praha 1