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Orpea draws first 200 million euros from new financing as restructuring plan continues

French company Orpea, hit by
allegations of malpractice at its care homes and a sharp drop in
valuation, said on Friday it made a drawdown of 200 million
euros from new financing by its main. | June 2, 2023 ....

Pays De La Loire , Olivier Sorgho , Matthew Lewis , Victor Castanet , Caisse Des Depots , Orpea Stock Exchange , Press Release , Ts Orp Fr0000184798 ,

Orpea reports annual loss of $4.4 billion on asset depreciation

French nursing care provider Orpea, hit by multiple scandals including allegations of malpractice at its care homes, on Friday reported an annual net loss that was in line with the anticipated. | May 12, 2023 ....

Uttaresh Venkateshwaran , Laurent Guillot , Diana Mandi , Victor Castanet , Executive Officer Laurent Guillot , Commercial Court , Federica Mileo , Orpea Stock Exchange , Press Release , He Orp Fr0000184798 ,

Profit-making has no place in care homes

Long-term care facilities are subsidised to a large extent by public money. When financial risks aimed at increasing profitability do not pay off, the state must step in to ensure the welfare of care recipients, from the public purse. ....

Bruxelles Capitale , United States , United Kingdom , City Of , Jean Claude Marian , Nick Hood , Emma Dowling , Centre For International Corporate Tax Accountability , International Corporate Tax Accountability , Victor Castanet , Opus Restructuring , Care Crisis , Professor Emma Dowling ,