Investors led by France’s sovereign wealth fund are taking control of the debt-ridden French care multinational. Their input into an ongoing restructuring plan remains to be seen, as does its impact on Orpea’s 1,500 Irish residents.
Following a scandal in its French home market, Orpea is battling creditors with deadlines falling in the coming months. New company information reveals how its Irish arm is facing the crisis.
The French nursing home group, which has a leading position in Ireland, is facing insolvency early next year if it can’t convince investors to refinance it for the second time since a scandal erupted last January.
Irregularities uncovered in France have shaken Orpea, the multinational group now dominating Ireland's nursing home industry. This investigation draws from inside sources and dozens of inspection reports to assess what the scandal means for its hundreds of residents and its expansion plans here.
Orpea had become a Paris stock market darling and a world leader in private care but it all came crashing down over the course of this year. A two-part investigation explores the impact on its recent drive into Ireland.
Private equity houses and international operators have been acquiring Irish nursing homes at breakneck pace. But who are the main players, how much money are they making and how many beds do they have? An investigation by The Currency reveals the answers.
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