The Paris-listed healthcare multinational Orpea, which is the largest owner of nursing homes in Ireland, will exit some countries and sell off properties in others under a plan presented this Tuesday to shore up its finances. Orpea has been rocked all year by serious allegations concerning its standard of care, accountability for state subsidies, and industrial relations policies at its French operations, as detailed in previous coverage. As the company unveiled its new strategy, French media reported police raids at dozens of its nursing homes on Tuesday as part of criminal investigations triggered by the revelations. This crisis has precipitated…
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