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End to French labs strike as agreement struck with government

The unions representing French labs groups called an end to their strike on Tuesday, January 10, after reaching an agreement with the government on tariff cuts for 2023. The agreement specifies that up to €250m of labs’ funding can be cut in 2023, but that no further cuts will be made during the year. While this deal ends the immediate problem, HBI hears it has only delayed further conflict.
January 13, 2023

Orpea rescue plan meets opposition

Under-fire French elderly care operator Orpea could have a shareholder revolt on its hands. Unhappy with plans for massive share price dilution as the group looks to meet its debts, a group of disillusioned shareholders has suggested an alternative and is looking for support. HBI speaks to two French health care experts to learn more.
December 22, 2022

Tiny tariff rises will see waiting lists soar in France

French hospitals are in crisis as statutory health insurer (SHI) tariffs have not risen enough to meet rampant inflation. HBI speaks to industry sources to find out the risk to hospitals if this continues.
December 16, 2022

Orpea pledges to pay in full as restructuring rumours continue

French elderly care giant Orpea continues to hit the headlines for all the wrong reasons. Over the last week, dozens of facilities were raided by the French authorities, talk continues to be rife about restructuring and potential exits, and contrary to previous assertions HBI understands the group now intends to pay back the full €56m owed to the state.
November 25, 2022

Is Orpea’s bold plan enough to save the business?

Plagued with well documented allegations and investigations, and saddled with €9bn+ debt, on Tuesday Orpea presented its plan for recovery to the creditors who last month gave it just four months to clean up its finances. Has it done enough? We speak to a range of market experts to find out if it can weather the storm. 
November 18, 2022

EDG sale “in early stages”

HBI understands that the sale of pan-European and dentist-led European Dental Group (EDG) has begun, and is in its very early stages. 
November 18, 2022

€8bn to save German hospitals, but no relief for labs

The German government has pledged an €8bn support package to help hospitals and care homes tackle inflation and rising energy costs, and promised to end Germany's flat-rate DRG tariff system, but other parts of the the country's under pressure health care sector - particularly smaller lab groups - are struggling to stay afloat.
November 11, 2022

French labs take collective action to fight sector cuts

French labs groups have stopped sharing Covid test results with the government in protest against the €250m proposed annual cuts to the sector. The president of national lab syndicate Les Biologistes Médicaux says lab groups are preparing to go on strike in mid-November, which would mean all labs being entirely shut down, if their demands are not met.
November 4, 2022

Orpea forced to take drastic steps to fix finances

Orpea has four months to clean up its finances and reach a new agreement with its creditors on debt restructuring. The conciliation period which it has agreed with the courts has bought it time to consider its options in the face of rising costs and interest rates, and a cooling real estate market. The main proposal under discussion is a debt/equity swap which would result in a drastic dilution of existing shares, but it is hard to see how the numbers could add up. HBI hears from analysts about the tough decisions facing the group.
October 28, 2022
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