Nursing Homes

 

Orpea selling 32 Dutch nursing homes and paying back €55.8m to French government

Orpea is selling 32 of its nursing homes in The Netherlands to Syntrus Achmea Real Estate & Finance (a REIT) for approximately €125m, as part of the asset disposal part of its plan to clean up its finances. The company, which is also trying to clean up its reputation in light of accusations of malpractice, has agreed to pay back €55.8m to the French government after public investigations following the suggestion it misappropriated public funds.

CEOs change at Maisons de Famille

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.

HBI 2022: Dementia care clearly insufficient

The inexorable rise in the need for dementia care dominated the elderly care panel discussion at HBI 2022, whilst the global staffing crisis was also, inevitably, on the agenda. Is enough being done to prepare for the sharp rise in dementia patients expected in the coming years, and how are groups dealing with the war for talent? 

Elderly capacity nowhere near enough to meet growing dementia need

In this week's infographics, prepared by strategy consultancy L.E.K. for HBI 2022, we look at the massive growth that will be seen in the number of elderly people with dementia across major European countries by 2030 alongside elderly care capacity in those countries.

French police raid Orpea HQ and 30 complaints filed against Korian 

Police investigators raided French elderly care group Orpea’s headquarters in Paris and several of its regional offices on Wednesday, June 8, reportedly to ‘carry out checks’ as part of the on-going public investigation into alleged malpractice at the company. Both Orpea and rival Korian’s share prices dropped thereafter.

Orpea employees strike over decision to not pay bonus

Employees at nursing homes across France operated by beleaguered elderly care group Orpea participated in a strike on Tuesday, to protest the company’s decision to not pay incentive bonuses this year.

Orpea share price plummet could make it a bigger takeover target

French elderly care group Orpea saw its shares fall to a new low on Wednesday after new accusations regarding its financial structure, alleging irregularities, were made against the company. The current share price of around €24 makes the company ever more likely to be subject to a takeover bid. Orpea says those "likely to be involved in these frauds" were "immediately" removed - and points out the allegations do not relate to patient care.

Inflation hikes up care home costs

How will the care home sector cope with the wave of inflation now hitting it as staff, energy costs and rents soar? We talk to operators and advisers across Europe.

Find Us