French care home operator Orpea has rebranded itself as emeis, in the wake of a tumultuous period marked by allegations of mistreatment in its facilities. The company's decision to change its name comes as it attempts to distance itself from the scandals that have plagued it since 2022, including accusations of abuse within its French care homes.
Tag Archives: Orpea
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
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
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
“Hard to bear” Orpea name to be replaced this year
Orpea will finally change its name this year according to the embattled French care home group’s CEO.
January 11, 2024
Is Macron pushing for ‘stealth nationalisation’ of French nursing homes?
French president Emmanuel Macron is facing accusations of tacitly pushing a policy of ‘stealth nationalism’ in French nursing homes. HBI speaks to market experts to find out more.
August 4, 2023
Aedifica finds buyers for Orpea’s Brussels homes
Belgium-based real estate specialist Aedifica has confirmed the sale of five of its nine Orpea homes, all located in Brussels. The news confirms previous speculation that Belgium was next on the French nursing home’s divestment list from a €1.2bn chunk of its real estate portfolio.
August 4, 2023
Orpea sells in Austria and the Netherlands
The ongoing sale of significant parts of French nursing home operator Orpea’s €1.2bn real estate portfolio has expanded to Austria and the Netherlands. As newly released H1 figures show low occupancy rates in France, HBI speaks to three market experts to gauge the current state of affairs for the French giant looking to bounce back from its recent troubled history.
July 28, 2023
HBI 2023 Panel: Investing in Healthcare Property
With energy prices soaring, material costs rising, and care increasingly turning digitised, panellists at HBI 2023 London explored what investment in brick and mortar looks like in the current climate as part of a session titled ‘investing in healthcare property’. Here we highlight the four key takeaways from the session.
July 7, 2023
Is Orpea set to sell up in Belgium?
Multiple sources tell HBI that French nursing home operator Orpea is looking to sell up in Belgium, as it looks to sell off a chunk of its 1.2bn real estate portfolio. HBI also hears more speculation on the ongoing country-by-country review.
June 30, 2023
Orpea-tunity in Italian nursing homes?
As French nursing home operator Orpea considers which countries it might exit, sources are speculating that Italy could be on its hitlist. If that happens, opportunities could open up for middle size players to make their mark. HBI speaks to two market experts to find out more.
June 16, 2023
Orpea draws €200m from new financing
Headline grabbing French nursing home giant Orpea has made a drawdown of €200m from new financing, as it tries to restructure after a difficult 18 months.
