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Nursing Homes

 

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.
May 20, 2022

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.
May 20, 2022

European nursing homes – a five market comparison

This week we take a closer look at how the elderly residential nursing home market stacks up, specifically in five major European markets - France, Spain, Germany, Italy and UK. Here we compare the total, and for profit and public/not-for-profit market revenues, and look at where the international operators have the largest revenues. These figures are a snapshot of the position based on revenues in 2020 taken from our nursing homes reports in HBI Intelligence and the operator database.
May 13, 2022

Octopus Real Estate enters specialist care market

Healthcare property investor Octopus Real Estate is entering the specialist care market, spending £100m on a deal to purchase two sites from and finance the construction of a further four sites for UK care provider The Hamberley Care Group. Four of these sites will be rehab centres and two will be care homes.
May 5, 2022

Orpea appoints elderly care novice as CEO, share price dips

French nursing home giant Orpea has appointed a new CEO, as part of its attempt at reformation. This comes a week after initial findings from an external investigation into purported malpractice at the company identified multiple cases of administrative misdemeanours.
May 4, 2022

Dutch government looks to pull funding from nursing homes

Dutch elderly care is seeing a very definite government-backed shift away from nursing homes and towards care at home, with increasing reluctance for the public purse to pay for the 'hotel' component of care. HBI speaks to advisor Rune Aresvik from Vardetun, who has just completed a detailed review of the sector, to find out if this is a problem or an opportunity
April 28, 2022

Orpea audit’s initial findings suggest administrative mischief, but no abuse of residents

Initial provisional findings from the external investigation into French nursing home giant Orpea which it launched in response to accusations of malpractice at the company made by journalist Victor Castanet in “Les Fossoyeurs” (“The Gravediggers”) have confirmed some of the book’s allegations, including alleged incident(s) of questionable financial relationships with certain suppliers, "erroneous" use-of-funds statements, "noncompliance" with employment contracts and "use of intermediaries”. The company has decided to delay publication of its 2021 annual report till May 13.
April 28, 2022

Spanish nursing home bed boom forecast

According to new research, the Spanish nursing home market is forecast to grow by 6.5%, increasing to over 400,000 beds over the next 18 months to two years. HBI speaks with Alberto Fernandez, CEO at Healthcare Activos, a Madrid-based health and long-term care real estate investor, who questions whether the report goes far enough.
April 14, 2022

Le Pen’s plans for French healthcare

The next round of the French election is just two weeks off, and unexpectedly the race between Marine Le Pen and incumbent Emmanuel Macron is closer than many predicted. HBI asks, what would a Le Pen government mean for for-profit healthcare? 
April 14, 2022

Interview: Andrew Cowley, Impact Healthcare REIT

Listed UK nursing home REIT Impact Healthcare achieved strong 2021 financial results. We speak to managing partner Andrew Cowley to find out about the strategy behind this success.
April 3, 2022
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