Last week, French nursing home operator Orpea initiated the start of the partial sale of its €1.2bn real estate portfolio, commencing with its Latvian presence - a singular retirement home in Riva. This low key sale marks the first small step in a major three-year plan to refocus its geographies. HBI speaks to a market expert to find out more.
Tag Archives: Orpea
Orpea shareholders try to avoid mass dilution
French nursing home giant Orpea’s snubbed shareholders group Concert’O has teamed up with other unsecured lenders in a last-ditch attempt to avoid mass share dilution. Protesting at the operator’s restructuring deal, the group has presented an alternative plan.
March 31, 2023
Could Orpea’s creditors derail a ‘done deal’?
Orpea is trying to put a year of scandal, scrutiny, and scathing headlines behind it, but disgrunteld creditors worried about share dilution are attempting to derail its carefully crafted transformational plan. HBI speaks to a market expert to weigh up their prospects for success, and find out more.
March 17, 2023
Orpea may need to rebrand in Middle East expansion
Embattled French elderly care firm Orpea may need to rebrand its Middle East expansion, a source close to to the company tells HBI, but not everyone agrees.
June 24, 2022
Another French nursing home group buys in Spain
Maisons de Retraite has bought Planiger in Madrid. We look at the acquisition and Maisons de Retraite’s strategy.
January 24, 2014
Canada Pension Plan Investment Board backs Orpea’s international expansion
One of the world’s top 20 investors, with nearly C$200bn under management, has invested €321m for a 15% stake in French nursing home group Orpea, bought from company founder Jean-Claude Marian. The Canada Pension Plan Investment Board (CPPIB) says that it has bought into Orpea on the strength of its international expansion plans. The CPPIB also underwrote and bought 30% of a share issue to finance new growth. We look at CPPIB’s strategy, the state of play in the nursing home sector, and talk to Scott Lawrence, Vice President & Head of Relationship Investments at CPPIB.
December 18, 2013
DomusVI for sale
DomusVI, the second-largest French nursing home chain, is to be sold in early 2014, say reliable sources. We take a look at the potential deal.
October 25, 2013
Report: International hospital chains – Ready for take-off?
In many healthcare service sectors, the big international consolidators hold a 20-50% share of the market. Hospitals have long been the exception, with international players holding well below 1% marketshare. Yet the recent success of IHH, Ramsay Health Care, Netcare and Mediclinic shows that investors are banking on international consolidation working in the private hospital sector as well. Are they right?
September 27, 2013
Inicea forms third-largest French psychiatry chain
French care home and rehabilitation group Korian has found a buyer in LFPI-backed Inicea for its psychiatric division. The sale will help to fund its German nursing home foray with Curanum. We take a look at the EBITDA multiple paid, Inicea’s plans and the psychiatry sector in France.
April 9, 2013
Orpea targets Belgium
Belgian newspapers say that French nursing home group Orpea is close to buying one of the top three nursing home groups in Belgium.
January 14, 2013
Report: Psychiatry: The private sector expands across Europe
Across Europe, a nascent private sector is expanding into psychiatric care provision for the continent’s public payors. But with all major markets still stuck in the economic doldrums, are they fighting for a shrinking slice of the pie? Healthcare Europa takes a look at select markets to see how far private operators are making inroads into mental healthcare.
October 2, 2012
French nursing homes storm ahead
More rock-solid half-year results from the big three French nursing homes, which have successfully moved into Italy, Spain, Belgum and Germany. But why are Korian's shares down 12% over the year? Why is Medica down 2%? Why is Orpea ahead only 9% despite 15% sales growth in the first half, when the French CAC index is up 11%?
