Pro Tip: Learn how to use HBI Alerts to follow your favorite topics

Nursing Homes

 

Orpea continues to buy in Spain

Pan-European care provider Orpea has bought Residencia Reyes de Aragón and Centro Residencial Erit, two nursing home standalones in Zaragoza and Barcelona, respectively. We look at Orpea's prospects for expansion following the Sanyres acquisition.

GALLERY: The care home targeting the ultra-rich opening in the heart of London

A luxury residential care-home designed for residents with Alzheimer’s and dementia, located in the very heart of bustling London, and targeting the wealthy, is about to open. We speak to James Cook, managing director at Innovated Aged Care Limited which is behind the project, about the business model, and offer a sneak peek behind the doors of what could be the swankiest facility of its type in the UK ahead of its opening.

Korian’s five-year plan leaves analysts cold

Europe's largest care group Korian presented underwhelming five-year targets last week. Shares dropped 7% to €30.75 on the news on Thursday and are currently trading below €30.

European listed care groups: A financial review and comparison

First half 2016 results for the major care home groups point towards solid 5-6% organic sales growth from Orpea and Korian with the latter gradually recovering from the crisis which saw the replacement of CEO Yann Coleou at the turn of 2015. Recently listed Nordic groups Attendo and Humana are benefitting from strong demand for new nursing home beds from public payors and expansion in Finland. But Swedish proposals to limit the return on public-private care services to 8% of return on equity plus net debt (before inflation) pushed shares down. Meanwhile, Middle Eastern investors have bought in to Italian operator KOS.

Find Us