PARIS (S&P Global Ratings) July 22, 2021--S&P Global Ratings said today that France-based nursing homes operator Colisée Group SAS (B-/Stable/--) has the financial strength to integrate its latest planned acquisition; the eighth-largest nursing home operator in the French private market, SGMR Les Opalines. We anticipated that Colisée Group would pursue further bolt-on acquisitions this year. Although the transaction is more sizable than was captured in our latest forecasts, we anticipate that it will carry limited integration risks as SGMR has a mature portfolio in France with high occupancy rates of around 99% (pre-pandemic) and we assume that restructuring costs will be contained. In addition, the French market has intrinsically higher profitability than Colisée's other main market, Belgium. This suggests that
