France’s largest elderly care group Korian is suing one of its carer employees for ‘public insult’, after the employee wore a t-shirt with a distorted version of the Korian logo at a protest.
French multinational care group Orpea has agreed to pay back €25.7m of the €55.8m which the French government says it is owed. The company has also decided to sell €2bn of property. Its shares continue to bounce around €20-25, down from over €100 pre-scandal.
The acquisition of multinational Australian hospital giant Ramsay Health Care by a consortium led by US PE firm KKR looks likely to fall through, as KKR lowered its offer almost immediately after Ramsay reported disappointing FY2022 results and Ramsay then rejected the new offer.
French elderly care and assisted living specialist Domitys is set to offer residents the promise of exotic holidays abroad, jumping onto a bandwagon already embraced by the likes of rival Korian.
The US$15bn KKR acquisition of Australia-based Ramsay may not go ahead, owing to consistent problems with the hospital group’s French subsidiary. HBI chats to an Australian analyst to find out more.
HBI hears that pan-European and dentist-led European Dental Group (EDG) could be up for sale soon. HBI takes a look at the business and possible pricing at a time when dentistry continues to be a hot ticket.
Philippe Tapié has retired as CEO of Maisons de Famille, the European elderly care and nursing home group. He remains on the board of the firm’s Italian division.
Media reports suggest that Ramsay Santé, the 53%-owned continental European arm of Ramsay Health Care, may relent and allow KKR to carry out due diligence which would enable it to complete on its AU$88 a share bid. But investors were not convinced with the shares languishing at AU$69.84 at close of play.
French REIT Icade Santé is on a buying and selling spree. On June 30, the company finalised the purchase of Spanish care facilities for €60 million. Two days before it sold four healthcare facilities in France for €78 million.
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