Senior Group is a well-established player in Latvia and Lithuania. We have successfully launched their first Big Family House type residence in Latvia in 2018 and have since expanded to a total of 6 residences (5 in Latvia, 1 in Lithuania), all fully owned by the business.
Additionally, under the MAMA-OK brand, the Group provides remote home care services in Riga (Latvia) as well as Vilnius, Panevezys, and Ukmerge (Lithuania).
As of September 2023, the existing residence portfolio includes 223 beds in Latvia and 18 beds in Lithuania. The average occupancy rate for residences in 2023 reached 95%, which is expected to be a sustainable rate going forward. It takes approximately 1 month for a newly constructed bed to reach maturity.
Furthermore, SG owns land and construction permits for an additional 257 beds in Latvia and has acquired additional land in Lithuania.
In 2023, the total revenue is expected to reach EUR 5.3 million, with 14% contributed by the Lithuanian business launched in 2022 (the first residence became operational only in 2023). The majority of the revenue (80%) is generated by the residential business unit.
The profitability in FY 2023 is projected to reach a 20% EBITDAR adj. margin level, which is considered sustainable for fully owned mature residences at this scale.
As of September 2023, the Group employs approximately 230 people in Latvia and 70 people in Lithuania.
The historical development of the company has been fully financed by shareholder funds. To date, the shareholders have invested EUR 9.0 million into the company, with EUR 6.4 million allocated to real estate and construction, while the remaining balance was used for operations.
Balanced Scorecard (BSC) for cultural projects and institutionsTheCultKit
The document discusses implementing a Balanced Scorecard (BSC) for cultural projects and institutions. It provides an overview of the BSC, including its four main perspectives - financial, customer, internal business processes, and learning and growth. It then gives a case study example of completing a BSC, including defining objectives and initiatives for each perspective along with associated metrics, targets, statuses, priorities, and responsibilities. The BSC is presented as a tool to translate vision into measurable goals, communicate strategy, and provide feedback to support strategic learning.
This document summarizes information about Starling Bank and Anne Boden, its founder and CEO. Some key points:
- Starling Bank is a mobile-only banking service that offers innovations not previously seen from banks, such as direct integration with Faster Payments and open banking APIs.
- It has launched a marketplace platform offering insurance, foreign exchange, investments and other financial products directly through its app.
- The document encourages downloading the Starling Bank app or visiting its website for more information. Anne Boden and Starling Bank will be presenting at the NOAH conference in June 2018.
KPMG provides an approach to optimize SAP software licensing that involves three phases: initiation, account analysis, and reporting. During initiation, the scope and deliverables are discussed. The analysis phase uses manual and automated queries to identify unused accounts and inappropriate license types. Reporting provides instructions on opportunities like avoiding unnecessary fee increases. The document also outlines basic SAP licensing rules regarding user types, package licenses, and maintenance fees. It explains that KPMG's experience and structured approach can help clients accelerate their licensing optimization.
The document outlines the key aspects of Estonia's tax system, including no corporate income tax on retained profits, a 14-20% tax rate on distributed profits, and most taxes being declared electronically. It also discusses Estonia's taxes on income, VAT, social security contributions, and employment, as well as how the tax system applies to e-residents and digital nomads. E-residency allows foreign companies and digital nomads to benefit from Estonia's business-friendly tax system and conduct business online through the e-Tax electronic filing system.
Ubs investment banking challenge national finals presentation jphil90
Primary should wait for the ATO's ruling on Healthscope's revised offer for Symbion before pursuing Symbion itself. Acquiring Symbion would allow Primary to gain significant market share, create an integrated healthcare network, and realize $95 million in annual synergies. However, there are regulatory concerns around further consolidation in the industry. Primary's bid strategy should be to wait for the ATO's ruling and then either pursue Symbion directly or withdraw, depending on whether the ruling allows Healthscope's revised offer to proceed.
This is an example of an investment memo for a consumer products company, Kraft Heinz. This does not constitute investment advice and is an outdated valuation. This should only serve educational purposes.
1) The document discusses Odoo's partnership program, including the business model, partner benefits, levels of partnership, and common mistakes made by partners.
2) Partners can generate revenue through professional services, selling Odoo apps, business services, and commissions on licenses. They receive benefits like marketing resources, promotions, and technical support.
3) The implementation methodology focuses on keeping projects affordable, standard, and delivered quickly through an iterative phased approach.
Balanced Scorecard (BSC) for cultural projects and institutionsTheCultKit
The document discusses implementing a Balanced Scorecard (BSC) for cultural projects and institutions. It provides an overview of the BSC, including its four main perspectives - financial, customer, internal business processes, and learning and growth. It then gives a case study example of completing a BSC, including defining objectives and initiatives for each perspective along with associated metrics, targets, statuses, priorities, and responsibilities. The BSC is presented as a tool to translate vision into measurable goals, communicate strategy, and provide feedback to support strategic learning.
This document summarizes information about Starling Bank and Anne Boden, its founder and CEO. Some key points:
- Starling Bank is a mobile-only banking service that offers innovations not previously seen from banks, such as direct integration with Faster Payments and open banking APIs.
- It has launched a marketplace platform offering insurance, foreign exchange, investments and other financial products directly through its app.
- The document encourages downloading the Starling Bank app or visiting its website for more information. Anne Boden and Starling Bank will be presenting at the NOAH conference in June 2018.
KPMG provides an approach to optimize SAP software licensing that involves three phases: initiation, account analysis, and reporting. During initiation, the scope and deliverables are discussed. The analysis phase uses manual and automated queries to identify unused accounts and inappropriate license types. Reporting provides instructions on opportunities like avoiding unnecessary fee increases. The document also outlines basic SAP licensing rules regarding user types, package licenses, and maintenance fees. It explains that KPMG's experience and structured approach can help clients accelerate their licensing optimization.
The document outlines the key aspects of Estonia's tax system, including no corporate income tax on retained profits, a 14-20% tax rate on distributed profits, and most taxes being declared electronically. It also discusses Estonia's taxes on income, VAT, social security contributions, and employment, as well as how the tax system applies to e-residents and digital nomads. E-residency allows foreign companies and digital nomads to benefit from Estonia's business-friendly tax system and conduct business online through the e-Tax electronic filing system.
Ubs investment banking challenge national finals presentation jphil90
Primary should wait for the ATO's ruling on Healthscope's revised offer for Symbion before pursuing Symbion itself. Acquiring Symbion would allow Primary to gain significant market share, create an integrated healthcare network, and realize $95 million in annual synergies. However, there are regulatory concerns around further consolidation in the industry. Primary's bid strategy should be to wait for the ATO's ruling and then either pursue Symbion directly or withdraw, depending on whether the ruling allows Healthscope's revised offer to proceed.
This is an example of an investment memo for a consumer products company, Kraft Heinz. This does not constitute investment advice and is an outdated valuation. This should only serve educational purposes.
1) The document discusses Odoo's partnership program, including the business model, partner benefits, levels of partnership, and common mistakes made by partners.
2) Partners can generate revenue through professional services, selling Odoo apps, business services, and commissions on licenses. They receive benefits like marketing resources, promotions, and technical support.
3) The implementation methodology focuses on keeping projects affordable, standard, and delivered quickly through an iterative phased approach.
Compass, the self-styled tech-enabled brokerage, recently went public with a valuation of $6.5 billion. If you're in real estate, it's a business worth paying attention to. I'm pleased to offer all of my thoughts, observations, and insights on the recent IPO into a new (free) report!
Startup Stage - Marketplaces - Presentation by Oscar Pierre, Founder & CEO of Glovo at the Axel Springer NOAH Conference Berlin 2016, Tempodrom on the 8th of June 2016.
Lido is a liquid staking protocol that allows users to stake cryptocurrency like Ethereum and receive staked tokens in return that can be traded or used in DeFi applications while still earning staking rewards. It has over $6 billion total value locked and solves problems with traditional staking like locked-up assets, complex node operations, and only earning staking rewards. Users can deposit tokens, receive staked tokens to use in DeFi for additional yields, while their original tokens earn staking income. Lido aims to be the foundation of composable finance by allowing users to stack diverse DeFi strategies on top of its compounding staking yields.
Tracxn - Real Estate And Construction Tech - Top Business Models - Jun 2021Tracxn
Tracxn's proprietary taxonomy brings to you top Business Models in Real Estate and Construction Tech rebrand.ly/yttuui5
Get our free reports on Practice Area or sector of your interest to your mailbox regularly https://rb.gy/cx2upn
Este documento presenta los resultados del tercer trimestre de 2020 para BBVA. Los principales puntos son:
1) El beneficio atribuido fue de 1.141 millones de euros, un 4,1% más que en el mismo periodo del año anterior en términos constantes.
2) El margen bruto creció un 5% interanual en términos constantes, hasta 5.663 millones, impulsado principalmente por el margen de intereses.
3) Los gastos de explotación disminuyeron un 3,8% interanual en términ
This media plan recommends magazines and television shows to promote the organic baby food brand Once Upon A Farm to millennial parents in San Francisco, CA. It recommends placing full-page ads in M Magazine for 3 months at a cost of $25,194, as its readers have high incomes matching the product's price. It also recommends Baby and Kids Magazine, where 3-month full page ads would cost $11,250, as it specifically targets young parents. The total magazine budget is $36,444. Television shows Healthy Appetite and Organic Panic are recommended, with a combined television budget of $164,862. The total recommended media budget is $274,984.50.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
FIS is a global leader in financial services technology, providing solutions to banks and financial institutions worldwide. As the number one technology provider to the global financial industry, FIS has over 70,000 employees and has been a market leader for over 30 years, generating $12 billion in revenue in 2008. FIS offers a full suite of solutions including online banking, prepaid cards, EFT networks, loyalty programs, core banking systems, processing, and data analytics supported globally.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Pitch Deck To Raise Private Equity From Investment Bankers PowerPoint Present...SlideTeam
Private Equity or Private Financing refers to investment funds, which are generally organized as partnerships, which buy and restructure non-publicly traded companies. This round consists of investors that directly invest in private companies or are engaged in public company purchases, resulting in the delisting of public equity. The primary purpose of private capital investments is the intention of investors to gain higher return rates by acquiring substantial or complete control over a business. The current scenario is that the company wants to raise Private Equity Investment from private sources such as from institutions and wealthy individuals and then invest that money in buying and selling businesses. This presentation provides company details such as overview and product categories, global market size, companys strategic business partnerships, marketing and advertising strategies, unique selling proposition, digital marketing objectives, shareholder structure, growth performance, business and revenue model, product revenue projections chart, pre and post capitalization tables, sources of private equity funds, SWOT analysis, exit strategies and some company related financials such as income statement and cash flow statement. The goal of a private equity funding is to invest equity or venture capital in a portfolio of private companies established and researched by the managers of private equity funds. After analyzing the current scenario, the organization raises private equity investment funds. Some of the major potential Private Equity Investors are corporate investors, private equity firms, government companies, investment banks, venture capital firms etc. https://bit.ly/2XWJvcE
- Tanbii is a platform that gamifies carbon reduction by allowing users to earn rewards for completing real-life sustainable activities tracked through the app.
- Users can earn tokens for carbon reducing behaviors like biking to work or using renewable energy at home, which can then be exchanged for rewards from partner brands.
- The platform aims to make sustainability fun by connecting real world activities to a virtual gaming experience where users can compete with others and earn badges.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
MiO Marketplace seeks to solve inefficiencies in the media buying and selling process by creating an online marketplace. It aims to connect the thousands of media buyers and sellers in a centralized platform for browsing, bidding, negotiating and transacting media deals. The $600 billion media industry is highly fragmented and MiO's marketplace approach could capture just a small portion of the total addressable market. The company has begun signing media partners and agencies and projections estimate $10s of millions in annual recurring revenue if it gains further adoption.
Fabernovel is pleased to share this playbook reviewing various offerings of
WeChat advertising and the possibilities for brands to reach and engage the tech
savvy consumers.
Since the inception of WeChat, Tencent has been very cautious about introducing
promotional messages on its platform. The Super APP is envisioned more as a
productive toolkit for the users' daily life than a source of media revenue stream itself.
On contrary to 1 ad for every 10 posts on Facebook, the Shenzhen tech giant makes
sure its users exposed to maximum 2 ads per day.
That being said, WeChat advertising offerings have become so comprehensive and
impactful to capture the attention of Chinese consumers from both home and
abroad. To build successful WeChat strategies, it is now crucial for business to master
these various ad formats, ad touch points, ad features, bidding tactics and audience
targeting possibilities.
Let’s discover more with this playbook!
OECD ziņojuma “Latvijas mājokļu pieejamības fonda stiprināšana” galvenās atziņas
Marks Pīrsons (Mark Pearson), Nodarbinātības, darba un sociālo lietu direktorāta direktora vietnieks, OECD
2023.gada 15.jūnijs
video: https://www.youtube.com/watch?v=GE7lCizywRY
This document discusses topics around social housing in Europe. It addresses issues like affordability, mobility, demographics, and financing social housing. It notes that over 1.3 million asylum seekers came to Europe in 2015. Inequality in housing is increasing, with housing costs disproportionately burdening low-income tenants. Affordable housing shortages, empty homes, high construction costs, and obstacles to credit are ongoing problems. Cities struggle with increasing housing prices that push people out. Innovative solutions are needed to provide permanent, decent and affordable housing connected to opportunities.
Compass, the self-styled tech-enabled brokerage, recently went public with a valuation of $6.5 billion. If you're in real estate, it's a business worth paying attention to. I'm pleased to offer all of my thoughts, observations, and insights on the recent IPO into a new (free) report!
Startup Stage - Marketplaces - Presentation by Oscar Pierre, Founder & CEO of Glovo at the Axel Springer NOAH Conference Berlin 2016, Tempodrom on the 8th of June 2016.
Lido is a liquid staking protocol that allows users to stake cryptocurrency like Ethereum and receive staked tokens in return that can be traded or used in DeFi applications while still earning staking rewards. It has over $6 billion total value locked and solves problems with traditional staking like locked-up assets, complex node operations, and only earning staking rewards. Users can deposit tokens, receive staked tokens to use in DeFi for additional yields, while their original tokens earn staking income. Lido aims to be the foundation of composable finance by allowing users to stack diverse DeFi strategies on top of its compounding staking yields.
Tracxn - Real Estate And Construction Tech - Top Business Models - Jun 2021Tracxn
Tracxn's proprietary taxonomy brings to you top Business Models in Real Estate and Construction Tech rebrand.ly/yttuui5
Get our free reports on Practice Area or sector of your interest to your mailbox regularly https://rb.gy/cx2upn
Este documento presenta los resultados del tercer trimestre de 2020 para BBVA. Los principales puntos son:
1) El beneficio atribuido fue de 1.141 millones de euros, un 4,1% más que en el mismo periodo del año anterior en términos constantes.
2) El margen bruto creció un 5% interanual en términos constantes, hasta 5.663 millones, impulsado principalmente por el margen de intereses.
3) Los gastos de explotación disminuyeron un 3,8% interanual en términ
This media plan recommends magazines and television shows to promote the organic baby food brand Once Upon A Farm to millennial parents in San Francisco, CA. It recommends placing full-page ads in M Magazine for 3 months at a cost of $25,194, as its readers have high incomes matching the product's price. It also recommends Baby and Kids Magazine, where 3-month full page ads would cost $11,250, as it specifically targets young parents. The total magazine budget is $36,444. Television shows Healthy Appetite and Organic Panic are recommended, with a combined television budget of $164,862. The total recommended media budget is $274,984.50.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
FIS is a global leader in financial services technology, providing solutions to banks and financial institutions worldwide. As the number one technology provider to the global financial industry, FIS has over 70,000 employees and has been a market leader for over 30 years, generating $12 billion in revenue in 2008. FIS offers a full suite of solutions including online banking, prepaid cards, EFT networks, loyalty programs, core banking systems, processing, and data analytics supported globally.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Pitch Deck To Raise Private Equity From Investment Bankers PowerPoint Present...SlideTeam
Private Equity or Private Financing refers to investment funds, which are generally organized as partnerships, which buy and restructure non-publicly traded companies. This round consists of investors that directly invest in private companies or are engaged in public company purchases, resulting in the delisting of public equity. The primary purpose of private capital investments is the intention of investors to gain higher return rates by acquiring substantial or complete control over a business. The current scenario is that the company wants to raise Private Equity Investment from private sources such as from institutions and wealthy individuals and then invest that money in buying and selling businesses. This presentation provides company details such as overview and product categories, global market size, companys strategic business partnerships, marketing and advertising strategies, unique selling proposition, digital marketing objectives, shareholder structure, growth performance, business and revenue model, product revenue projections chart, pre and post capitalization tables, sources of private equity funds, SWOT analysis, exit strategies and some company related financials such as income statement and cash flow statement. The goal of a private equity funding is to invest equity or venture capital in a portfolio of private companies established and researched by the managers of private equity funds. After analyzing the current scenario, the organization raises private equity investment funds. Some of the major potential Private Equity Investors are corporate investors, private equity firms, government companies, investment banks, venture capital firms etc. https://bit.ly/2XWJvcE
- Tanbii is a platform that gamifies carbon reduction by allowing users to earn rewards for completing real-life sustainable activities tracked through the app.
- Users can earn tokens for carbon reducing behaviors like biking to work or using renewable energy at home, which can then be exchanged for rewards from partner brands.
- The platform aims to make sustainability fun by connecting real world activities to a virtual gaming experience where users can compete with others and earn badges.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
MiO Marketplace seeks to solve inefficiencies in the media buying and selling process by creating an online marketplace. It aims to connect the thousands of media buyers and sellers in a centralized platform for browsing, bidding, negotiating and transacting media deals. The $600 billion media industry is highly fragmented and MiO's marketplace approach could capture just a small portion of the total addressable market. The company has begun signing media partners and agencies and projections estimate $10s of millions in annual recurring revenue if it gains further adoption.
Fabernovel is pleased to share this playbook reviewing various offerings of
WeChat advertising and the possibilities for brands to reach and engage the tech
savvy consumers.
Since the inception of WeChat, Tencent has been very cautious about introducing
promotional messages on its platform. The Super APP is envisioned more as a
productive toolkit for the users' daily life than a source of media revenue stream itself.
On contrary to 1 ad for every 10 posts on Facebook, the Shenzhen tech giant makes
sure its users exposed to maximum 2 ads per day.
That being said, WeChat advertising offerings have become so comprehensive and
impactful to capture the attention of Chinese consumers from both home and
abroad. To build successful WeChat strategies, it is now crucial for business to master
these various ad formats, ad touch points, ad features, bidding tactics and audience
targeting possibilities.
Let’s discover more with this playbook!
OECD ziņojuma “Latvijas mājokļu pieejamības fonda stiprināšana” galvenās atziņas
Marks Pīrsons (Mark Pearson), Nodarbinātības, darba un sociālo lietu direktorāta direktora vietnieks, OECD
2023.gada 15.jūnijs
video: https://www.youtube.com/watch?v=GE7lCizywRY
This document discusses topics around social housing in Europe. It addresses issues like affordability, mobility, demographics, and financing social housing. It notes that over 1.3 million asylum seekers came to Europe in 2015. Inequality in housing is increasing, with housing costs disproportionately burdening low-income tenants. Affordable housing shortages, empty homes, high construction costs, and obstacles to credit are ongoing problems. Cities struggle with increasing housing prices that push people out. Innovative solutions are needed to provide permanent, decent and affordable housing connected to opportunities.
The document discusses the increasing demand for care home places in Scotland due to a growing aging population and rise in dementia. It predicts that the number of people over 75 will grow 86% in the next 25 years, increasing demand substantially. Currently around 59% of care home residents have dementia, and it is estimated that by 2025 over 45,000 people with dementia in Scotland will die in care homes each year. The average length of stay in a care home is 2.5 years. There are also concerns about the costs of delayed hospital discharges of older patients.
The document discusses how the aging population in the UK is driving increased demand for elderly care services, putting pressure on the country's health care system, and outlines an investment fund that aims to capitalize on this trend by purchasing and developing care facilities across the UK to generate stable income through long-term leases and management agreements with care operators. The fund is targeting a 7% annual return over a 5 year investment period by acquiring existing profitable facilities and development opportunities across the country.
The document discusses how the aging population in the UK is driving increased demand for elderly care services, putting pressure on the country's health care system, and outlines an investment fund that aims to capitalize on this trend by purchasing and developing care facilities throughout the UK to generate stable income through long-term leases and management agreements with care operators. The fund is targeting a 7% annual return over a 5 year investment period by acquiring existing profitable facilities and development opportunities across the country.
The strategy was approved by the Government on November 25th, 2014 and published the next day. It outlines a six-year social housing strategy to provide over 35,000 new social housing units and support up to 75,000 households through private rental supports. The strategy aims to meet the housing needs identified by the Housing Agency through 2020 by increasing social housing provision and reforming housing supports.
Presentation by Christopher Wales, DIGITAX Research Programme, at the Conference on Reshaping the tax system to support the Financial Sector Development Strategy (FSDS)
Kampala, Uganda, 14th–15th December 2022
The two-day conference was convened by Uganda's Ministry of Finance, Planning and Economic Development, and co-hosted by ICTD's DIGITAX Research Programme and TaxDev.
The document summarizes the key findings of the 2017 report "The State of Housing in the EU" published by Housing Europe. It finds that while economic growth has returned to Europe, inequality is increasing and many are being left behind. Housing markets are recovering but prices are growing faster than incomes in most countries. The crisis exacerbated housing exclusion and homelessness, while policy responses have been largely inadequate. Cities are developing innovative solutions to address affordable housing challenges with limited national support.
Many older people have equity tied up in their homes that could be used to provide them with a greater income in later life and improve their standard of living. Traditionally, the ways to unlock the equity in people’s homes have been through downsizing, equity release lifetime loans or home reversion plans. However, not everyone is in a position to downsize, there are pros and cons to each approach, and all have associated costs.
The Equity Bank would provide a new way for people to unlock the equity in their home. It would be a state agency which provides people with a low cost fixed lifetime income in exchange for a fixed share of the equity in their home. The Equity Bank would take a charge on the person’s home and recover the value of the equity from the person’s estate after their death.
The event was chaired by Baroness Sally Greengross, Chief Executive of the ILC-UK. Nick Kirwan, Director of the ILC-UK Care Funding Advice Network, opened the discussion. Professor Les Mayhew of Cass Business School and co-author of the paper 'The UK Equity Bank - Towards income security in old age' then presented the concept, after which Paul Burstow MP responded. There was then time for questions and a general discussion.
The document discusses a proposed UK Equity Bank that would allow homeowners aged 65+ to access equity in their homes to generate extra retirement income. It would work by the homeowner trading a portion of their home equity in exchange for an inflation-linked lifetime income from the bank. Upon the homeowner's death, the bank would recover the costs from the estate. The bank is proposed to address issues like income insecurity, isolation, and inability to pay for support as people age. It aims to better serve those with housing wealth but limited other assets or income. The document outlines how the bank could work, who it would target, potential administration models, and interactions with taxes and benefits.
Ireland’s Social Housing Strategy:Opportunities and ChallengesFEANTSA
Presentation given by Bairbre Nic Aongusa, Department of the Environment, Community & Local Government, Ireland, at the 2015 FEANTSA Policy Conference, "Homelessness, A Local Phenomenon with a European Dimension: Key Steps to Connect Communities to Europe", Paris City Hall, 19 June 2015
The company DAO Family on the crowdfunding platform Rontgen seeks to raise €2M. The funds will be used to refinance the bank loan and to create additional working capital for the apartments to be fully finished. Investors will get a 7% annual return. These slides are a detailed presentation of the investment opportunity.
The document provides information about the European Bank for Reconstruction and Development (EBRD), including what it is, its objectives, where it invests, the types of financing it provides, and examples of projects it has supported in Albania. Specifically, the EBRD is an international financial institution that owns 65 countries and promotes transition to market economies. It has invested over €86 billion in over 4,000 projects. In Albania, examples of EBRD projects include providing a €100 million credit line to the Albanian Deposit Insurance Agency, a €17 million loan to the Tirana East Gate shopping mall project, and a €10 million loan to the Hygeia Hospital Tirana project.
Dace Akule “Migration, Integration, Europeanization” – Final conference 27 June Global Utmaning
The expert seminar “Migration, Integration, Europeanization – old and new challenges for policies and actors. The case of Baltic States”, which took place in Warsaw on June 27.
The seminar was the final conference in the project Migration as a part of a policy for increased competitiveness, funded by the Swedish Institute and comprising a cooperation between think tanks and research institutes working with migration and integration in the Baltic Sea region. The conference was arranged in collaboration with demosEUROPA, The Institute of Social Policy at University of Warsaw, and Norden Centrum in Warsaw.
Infonavit has transformed its role in Mexico from primarily a mortgage lender to promoting sustainable urban development and improving workers' quality of life. It implemented strategic actions like (1) coordinating housing policy between institutions, (2) incentivizing density and vertical construction to contain urban sprawl, and (3) diversifying housing solutions. Infonavit also tracks results through homeowner satisfaction surveys and comprehensive home evaluations, finding steady quality improvements. Evidence shows the new model has successfully reshaped urban areas and provided workers with better housing options.
Presentation used at the Joint Forum in the framework of UNECE Ministerial Conference on Ageing 2022 to share challenges and dilemmas in the implementation of Long Term Care policies, in general, and transition plan, in particular.
Local Authorities as “doers and “enablers of Social Innovation. Liz Maguiresmartmetropolia2014
The document discusses how the city of Glasgow, Scotland enables and engages in social innovation. It provides examples of initiatives led by Glasgow City Council to address issues like long-term unemployment, access to affordable credit, poor housing conditions, and youth access to payday lenders. These include job training programs in energy efficiency, a community development bank, transferring public housing units to an association to invest in improvements, and a school program where students open credit union accounts with initial deposits from the city. The document argues local authorities play an important role as "doers and enablers" of social innovation to help communities.
Un Marco de Referencia Europeo para la vivienda Amigable con los Mayores - Peter Wintlev-Jensen .
Deputy Head of Unit at European Commission DG-CONNECT
The 13th OECD Rural Development Conference was held in Cavan, Ireland on 28-30 September 2022 under the theme "Building Sustainable, Resilient and Thriving
Rural Places".
These are the presentations from the Conference parallel session "Rethinking Rural Development: Effective Solutions for Bottom-Up Rural
Economic and Community Development".
For more information visit https://www.oecd.org/rural/rural-development-conference/.
Similar a Senior Group Baltics Investment Teaser.pdf (20)
Safe. Letter for experts with demand to help to collect the information (1)Nicolai Kobliakov
Together with several European care professionals, we formed SAFE consortium in order to save the lives of residents of aged-care facilities by preparing national care systems for future pandemics.
CFZ. residence senior modulaire senior quartier pour les communesNicolai Kobliakov
Les cinq derniers mois de lutte contre le COVID ont montré que le concept de Senior Quartier (avec des procédures et protocoles supplémentaires) résiste très bien aux risques de pandémies.
Looking for Senior Residence project chief.
In spite of... we continuer to develop our network of small family- style Senior Residence in Riga.
The landplot is acquired, the financing is secured. We need a person who can supervise the construction and start the operations. The brut salary after 2 months training is 1800 euros.
Land plots requirements. bfh by senior groups. 2018. Latvia.Nicolai Kobliakov
We've constructed the first Big Family House in Quartier Senior Babite. We've filled it in a couple of months, now we are searching for other landplots around big towns in Latvia.
Multi factor analysis of Big Family House residentsNicolai Kobliakov
We've used MDS (multidimensional scaling) as a tool of visualizing the level of similarity of individual residents of Big Family House and their relatives.
Land plots requirements. Big Family House by Senior Group. 2018.Nicolai Kobliakov
Slides about the requirements for Land Plots for Big Family House by Senior Group. Based on the 1st BFH constructed in Babite, Latvia. Opened in 2018, January.
The telephone research of all the licensed Senior Residences in Latvia. 127 residences contacted. 63 of them found to belong to "free-market" domain. The different segments are identified with help of MDS Factor analysis.
This short document promotes creating presentations using Haiku Deck on SlideShare. It encourages the reader to get started making their own Haiku Deck presentation by providing a button to click to begin the process. The document is advertising the creation of presentations on Haiku Deck and SlideShare.
Haiku Deck is a presentation tool that allows users to create Haiku style slideshows. The tool encourages users to get started making their own Haiku Deck presentations which can be shared on SlideShare. In just a few sentences, it pitches the idea of using Haiku Deck to easily create visual presentations.
NURSING MANAGEMENT OF PATIENT WITH EMPHYSEMA .PPTblessyjannu21
Prepared by Prof. BLESSY THOMAS, VICE PRINCIPAL, FNCON, SPN.
Emphysema is a disease condition of respiratory system.
Emphysema is an abnormal permanent enlargement of the air spaces distal to terminal bronchioles, accompanied by destruction of their walls and without obvious fibrosis.
Emphysema of lung is defined as hyper inflation of the lung ais spaces due to obstruction of non respiratory bronchioles as due to loss of elasticity of alveoli.
It is a type of chronic obstructive
pulmonary disease.
It is a progressive disease of lungs.
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2. STRICTLY CONFIDENTIAL 2
Executive summary
Creating pan-Baltic market leader in long-term care residences
Experienced
management
Existing platform
Significant market
potential
Unique operational and
real estate concept
Target project metrics
• Sophisticated founders with 15+ years of experience in
healthcare and senior care industries
• Experienced team is well positioned to develop existing
operations and implement ambitious development plan
• Underinvested market compared to Western and Nordic
neighbours
• Existing requirement for up to 10,000 beds already now
• By 2040 there will be a need to introduce additional 80,000
beds in the Baltics to support the ageing population trends
• One of the leaders in the Latvian market. Presence in Lithuania
• 6 residences, 223 operating beds and 257 beds in pipeline
• Profitable operations with 20% adj. EBITDA margin based on
fully owned real estate
• Already successful Big Family House concept. New Urban
Residence concept being introduced
• Multipurpose real-estate in marketable locations which can also
be used as residential real estate for lower-middle class
population
• Building pan-Baltic market leader in LTC residences with 6%
overall market share and 20% of the private market
• 2,200 operating beds and further 4,000 beds in the pipeline
• 50% SLB ratio. Rent yield to property owners 8% + VAT
• Operating targets: EUR 72 mln in revenue and EUR 15 mln
EBITDAR
Investment requirements
(50% SLB case*)
Exit route
How: sale to strategic or specialized PE/infra fund
When: 2029 or later
Expected CoC: 3.5x
Expected IRR: 39%
EUR 87.8 mln
Total external funding requirement
EUR 26.4 mln
Total Equity
EUR 61.4 mln
Total Debt**
17.5
24.2
19.6
7.6
10.4
8.5
Latvia Lithuania Estonia
* Scenario where 50% of constructed real estate is sold under long-term sale-
lease back agreement to real estate investors
** Assumption that 70% of real estate construction CAPEX is financed by debt
12.0 14.0
2023 2026
Equity requirement timeline, EUR ‘000
3. Institutional elderly care market in the Baltics
Underdeveloped market lacking investment
• The market value for long-term care amounted to EUR 600 mln in the Baltics and was growing by 10% CAGR before
COVID. In terms of per capita spending Baltic states are 2-3 times below EU-27 average rates and even further behind
the leading countries
• Around 30% of people older than 80 years of age are residents of professional long-term care facilities. The remaining
part stays at home with their family. Current indicator for the Baltic States is around 10-15% and is limited with a number
of beds available
• As of 2023 there were 357 ths. people in the Baltics older than 80 years, which constitute 5.8% of regional population.
This indicator is at par with EU27 average of 6.0%.
• It is expected that by 2040, the Baltic population of elderly people >80 y.o. will increase by 26% to almost 450 ths. or
8.2% of population. The growth rates of population aging are lower compared to EU27 (46%) which is related to a
number of factors including healthcare quality and life expectancy
• Total capacity of the LTC facilities in the Baltics is expressed in the number of beds which amounted to 37,548 in 2021
which is significantly below market needs. There is up to 10,000 gap in beds required to cover today’s demand and
further 80,000 beds need to be commissioned until 2040
• Per capita density of LTC beds in the Baltic countries has significant room for improvement as compared to market
leading countries, for example from 12.4 beds per capital in Latvia to 63.9 beds per capita in Sweden
• There is around 440 LTC residences in the Baltics, including 127 private residences, 185 municipal residences and the
balance is non-for-profit and other organizations
• Furthermore, based on the independent research around 30-40% of beds in the region were constructed before 1991,
which means that the sector required significant capital investments
80,933 106,227
114,097
132,924
161,918
209,445
2023 2040
Estonia Latvia Lithuania
Addressable market (population >80 y.o.),
number of people
356,948
448,596
+26%
12.4
38.5
41.4
47.4
50.8
63.9
Latvia Lithuania Estonia France Finland Sweden
Number of LTC beds per capita*
4,887
11,198
21,463
Latvia Estonia Lithuania
Number of LTC beds, 2021
Source: OECD, Eurostat statistics
LTC market size*, EUR mln
*Based on healthcare expenditure on long-term healthcare
145 159 178 196
80 85 101 113
230 239
257
293
2017 2018 2019 2020
Estonia Latvia Lithuania
454 483
563
602
10% CAGR
0.38
0.59 0.73
2.01
1.66
2.98
Latvia Lithuania Estonia France Finland Sweden
LTC spending, as % of GDP
EU average = 1.80
∑=37,548
*per 1000 population population >65yo
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STRICTLY CONFIDENTIAL
4. Existing platform
Well established player in Latvia and Lithuania
• Following successful launch of its first Big Family House type residence in Latvia in 2018, SG grew in
size to reach 6 residences (5 in Latvia, 1 in Lithuania) which are fully owned by the business
• In addition, the Group provides remote home care services in Riga (Latvia) as well Vilnius,
Panevezys, Ukmerge (Lithuania) under MAMA-OK brand
• Existing residence portfolio includes 223 beds in Latvia and 18 beds in Lithuania as of September
2023
• In 2023 average occupancy rate for residences reached 95% which is expected to be a sustainable
rate going forward. Average time for a newly constructed bed maturity is 1 month
• Furthermore, SG owns land and construction permits for 257 beds in Latvia and additional land in
Lithuania
• In 2023 total revenue is expected to reach EUR 5.3 mln, where 14% are contributed by Lithuanian
business launched in 2022 (first residence became operation only in 2023). Most of the revenue (80%)
is generated by residential business unit
• Profitability in FY 2023 is expected to reach 20% EBITDAR adj. margin level which is a sustainable
indicator for fully owned mature residences at such scale
• The Group employed ca 230 people in Latvia and 70 people in Lithuania as of September 2023
• Historical development was fully financed by shareholder funds. Up to date shareholders invested
EUR 9.0 mln into the company, including EUR 6.4 mln in real estate and construction, while the
balance was used for operations
812
1,916
3,597
5,254
2020 2021 2022 2023E
Latvia Lithuania
Historical revenue dynamics, EUR ‘000k
80%
20%
Residences
Home care
3Y CAGR 87%
Existing business highlights
95%
occupancy
rate
20%**
EBITDAR
margin
238
beds
6
residences
#2* private player
in Latvia
* Lost market leadership following consolidation of 2 players in the market
** Currently EBITDA is equal to EBITDAR as all real estate is fully owned
4
STRICTLY CONFIDENTIAL
Brands
Key milestones
Beginning of 2018,
opened the 1st
residence in Riga
suburb (Lapsas)
June 2019, completed
the 2nd phase for an
additional 12 people
Start of 2020,
completed 3rd phase
for 42 additional
places
End of 2020, new Senior
Vecmīlgrāvis residence was
opened in Riga (two-story
building with 4 blocks, incl. for
those suffering from dementia)
Start of 2021,
completed 4th and
final phase of the
complex in Lapsas
September 2021, the
“Senior Ogre” was
opened in Ogre
region (6 residential
buildings)
April 2022, the first stage
of the Senior residence in
Ādaži region was
completed (2 twin houses)
End of 2022, was opened
new residence in Jurmala
region and the first
Lithuaninan residence in
Panevežys
Ongoing construction of
the 2nd phase of "Senior
Vecmīlgrāvis“ and "Senior
Ādaži“ residences
5. Existing platform
Big Family House Concept
• At the beginning of 2018, Senior Group opened the doors of the first residence for the elderly Big Family House (BFH) in Riga
(Latvia). In June 2019, Senior Group completed the second phase of the project providing accommodation for an additional 12
people. At the start of 2020, completed the third phase, providing 42 additional places for older people (including 14 in a
specialist home for people with Alzheimer's and dementia).
• BFH concept is an alternative to regular long-term care approach which combines family-style life and institutional care through
combination architectural, technological and social solutions. It allows residence to embrace a feeling of living in a family
environment for people over 80 years old
• Architectural solution evolves around detached twin houses made using panel technology provided Nordic Homes. Such houses
are able to accommodate up to 15 residents. BFH concept can be scaled into a small village with shared operational
infrastructure. Such approach makes this solution affordable even to lower-middle class families
• As a result, Big Family Houses are typically located in or near residential areas of major cities which makes residents a part of
local social infrastructure as well as allows for easy visits of family members
• Basic services principles are built around the following fundamentals:
• Accommodation and food (proper living environment and homemade food)
• Safety (training residents to live in a suitable environment minimizing the risk of falls; emergency help and medication
available 24/7)
• Care (regular assessment, personal ADL Activities of daily living)
• Social stimulation (stimulation of independence, support for community and family interactions)
• Additional social activities are being promoted within organization allowing residents to fill-in gaps in social belonginess, which
becomes a new industry standard in the Baltics
• Furthermore, SG is testing a new concept of Urban Residences designed for people over 70 years which typically have different
physiological condition and respective needs. In addition, there are specific residence concepts designed for people with
different diseases, such as Alzheimer for example.
5
STRICTLY CONFIDENTIAL
6. Development strategy
Creating a market leader in elderly LTC residence management in the region
• SG has a vision to build a market leading network of elderly LTC facilities network
across all Baltic States over the next 5-year period
• This would require construction of 2,238 operational beds in total including:
• 839 in Latvia (including 223 existing beds),
• 780 Lithuania (including 18 existing beds), and
• 619 in Estonia
• This would allow to take 6% overall market share in the Baltics by number of beds or
20% of the private market in the region
• Under the base case scenario SG finances construction of the entire LTC facility
portfolio and sells 50% of the constructed property under long-term sale-lease back
(SLB) agreements. The model assumes 8% [+VAT] yield from the SLB value to the
real estate investors
• Such combination of owned/leased property has proven to be the most resilient
business model on the European scale
• Total investment into construction and working capital is estimated to be EUR
125 mln, of which EUR 26.4 mln is equity requirement, EUR 61.4 mln is debt and
remaining EUR 37.2 mln are expected to be generated from SLB transactions
(which together with operating cash flow would also cover interest payments and debt
amortization)
• The projected revenue is expected to reach EUR 72 mln by 2029. For the purpose of
the model, home care revenue has been forecasted to growth with inflation level
• EBITDAR adj. is expected to exceed EUR 15 mln (21% margin) by 2029. Taking into
consideration 50% SLB scenario and respective rent payments, EBITDA should exceed
EUR 10 mln (14% margin) by 2029
• There is also an option to create infrastructure for constructing [4,000] additional
development pipeline beds across the region (acquisition of land, receipt of construction
permits and other operating permits) ahead of exit in order to ensure continuous
development and increase exit valuation
Number of beds evolution over timeline
Projected revenue and EBITDA, EUR mln
6,238
6
STRICTLY CONFIDENTIAL
427 679 931 1,183 1,238
357
609
861 1,000
1,008
3,024
4,000
2024 2025 2026 2027 2028 2029
Owned SLB Pipeline
5,068
2,548
1,036
532
238
839
780
619 Latvia
Lithuania
Estonia
5Y revenue CAGR 62%
6.4 8.2
20.8
36.9
54.5
71.8
0.7 0.2 2.3
5.9
10.1
15.1
11%
2%
11%
16%
19%
21%
2024 2025 2026 2027 2028 2029
Revenue EBITDAR EBITDAR margin
7. Management team
Experienced management team in elderly LTC facility management and healthcare
• Launched first long-term elderly care facility together with French Group Almage
back in 2007 which he exited in 2011
• Launched Senior Group operations in Latvia in 2018 which became one of the
industry leaders in a highly fragmented market
• Launched Senior Group operations in Lithuania in 2023
• Over the course of his carrier in long-term care facility management, Nikolai has
developed Big Family House concept and and introduced in the Baltic States
• Holds a EMBA degree from the London School of Economics and Political
Science
Nikolai Kobliakov Josifs Apts
• Over 20 year-experience in healthcare industry in Latvia as one of the
founders of Repharm Group
• Successfully developed VCA Poliklinika (outpatient healthcare clinics
network) and Centrala Laboratorija (invitro medical testing laboratory) into
industry leaders in Latvia
• In 2020 facilitated acquisition of Medica Group (leading private healthcare
provider in Lithuania) by Repharm Group and subsequent merger with
InMedica (private healthcare provider in Lithuania) which effectively turned
out to be the largest transactions in private healthcare sector in Lithuania
7
STRICTLY CONFIDENTIAL
8. 8
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its contents. All communications should be directed to Baltic Partners at contacts indicated in this document.
Contacts of Baltic Partners representatives:
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Associate Director
Mob: +38 067 538 99 35
E-mail: a.shcherbyna@balticpartners.eu
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Partner
Mob (Latvia): +371 28 899 888
E-mail: dmitry.smirnov@balticpartners.eu
Disclaimer
8
STRICTLY CONFIDENTIAL