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Nursing Homes

 

Medicharme enters liquidation

Medicharme, a medium sized French nursing home group owned by UK PE investor G Squared, has entered liquidation. The company became insolvent due to rising costs and low occupancy. The company's 43 facilities will continue to operate as normal for the time being. Takeover offers for the facilities will be examined by the courts on March 21.
March 1, 2024

Orpea issues reverse share split

Embattled French nursing home group Orpea has announced it will pursue a reverse share split on all outstanding company shares. This means current shares which are valued at around €0.01 each will be exchanged for new shares valued at €10 each, at an exchange rate of 1,000-for-one.
February 29, 2024

Who are Europe’s biggest elderly care groups?

Who are Europe's biggest for-profit nursing home groups in Europe? In this infographic we look at the biggest 16 for-profit nursing home groups in Europe, using both revenue and bed numbers as a measure of size.
February 23, 2024

FREE BLOG What’s the solution for the looming dementia wave? 

Currently there are no treatments for dementia. Money is flooding into drug discovery in the pursuit of greater understanding and a possible treatment, but in the short to medium term there is little that can be done but provide care and attempt to delay the severity. 
February 23, 2024

Orpea raids ramp up

While inspections at facilities belonging to French multinational elderly care operator Orpea have been commonplace within France, news of Europe-wide police raids sweeping Belgium, Luxembourg, Italy, Portugal and Switzerland is now making headlines.
February 16, 2024

Voyage Care names new CEO

A new CEO for Voyage Care - the UK’s largest provider of support for people with learning disabilities by revenue - has been named. The successor is current CCO at UK nursing home operator HC-One, Mike McKessar, who will assume the position early this summer.
February 8, 2024

Clariane sells in the Netherlands

French nursing home operator Clariane (formerly Korian) is selling half of its stake in its joint venture with European real estate investor Aedifica. The sale of the real estate for six Dutch homes for €25m follows Clariane’s plans to reduce its debt and also mirrors rival operator Orpea’s attempts to pull back from the country.
February 7, 2024

HR Round Up

January comes to an end, rounding off what has been a busy period in personnel changes. We review some of the senior appointments that kicked off the new year including at UK care home operator Cornerstone, property advisor Christie & Co, and healthcare conglomerate Fresenius.
February 1, 2024

Orpea opens business school

French nursing home operator Orpea is partnering with one of the top business schools in France - EDHEC - to launch a first-of-its-kind management school for the care sector. It plans to train 1,000 group managers within one year. HBI speaks to a market expert to learn more.
February 1, 2024
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