For the second time this year, Orpea is operating under the protection of a court-sanctioned “conciliation procedure”, a light insolvency regime in France, while it renegotiates a multi-billion-euro debt package with a syndicate of the country’s largest banks. The announcement made on October 26 after a two-day share trading suspension by the Paris-listed company, one of the world’s largest operators of nursing homes, may seem remote from these shores. Yet it matters to over 1,500 elderly and dependent residents currently staying at 23 Orpea locations in Ireland, where it is now the industry leader. The group has warned that it…

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