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Nursing Homes

 

French government demands repayment from Orpea

The French state says it is taking legal action against under-fire nursing home giant Orpea, and demanding the group repays public money which it alleges was misused. The decision follows the findings of a public inquiry into alleged malpractice.
March 31, 2022

FREE BLOG Here’s to Sophie!

Media firestorms exposing poor treatment in for-profit nursing homes have occurred frequently over the last decade. Normally companies respond by chucking their CEOs or by sitting tight-lipped and threatening to sue. Not Sophie Boissard at Korian.
March 3, 2022

Residential care costs of dementia care soar

Alzheimer’s is one of the world’s most expensive diseases, costing around $1 trillion per year globally, research estimates. As cases are forecast to triple by 2050, this figure is only going to increase. To make matters worse, new research suggests that the per-person cost of treatment is also growing.
March 3, 2022

Orpea and Korian’s share prices boosted by hidden camera exposé

Both Korian and Orpea’s share prices increased more than 10% after the release of investigative TV show Cash Investigation’s hidden camera episode revealing scenes inside a Korian nursing home. Meanwhile Orpea’s expansion into Russia has been halted after last week’s invasion of Ukraine and French public investment bank Bpifrance pulled out. 
March 3, 2022

Orpea won’t stop nursing home M&A drive

Orpea's smaller PE-backed French rivals who are spilling out across Europe say they are not worried by the Orpea scandal. Colissee has just acquired in Portugal for the first time. HBI talks to the C-level at the French operator to learn more.
February 25, 2022

Korian launches transformation into ‘mission-led’ company

French elderly care giant Korian is having to walk a fine line between reporting a return to strong revenue and earnings growth in 2021 whilst simultaneously affirming its commitment to always putting the welfare of its residents and quality of care first. The approach it has adopted is to herald the launch of a new strategy: to become a ‘mission-led’ company!  Meanwhile Orpea has postponed its annual results until at last as April 30. 
February 25, 2022

Finnish SOTE reform ‘could create more outsourcing opportunities’

In July 2021, Finland’s leftist parliament passed the long-awaited SOTE reform to its healthcare system, which amalgamated 309 municipal health authorities into 21 much larger ‘welfare regions’. HBI speaks to analysts and operators to find out what impact the reform is having on the for-profit sector.
February 17, 2022
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