The shares of pension managers Korian and Orpea tumbled together on Friday on the Paris Stock Exchange after the announcement of an ongoing investigation by the magazine “
Cash Investigation
” into private nursing homes.
Read alsoOrpea: behind the scandal, the financial and industrial turmoil
In a tweet, the presenter of the France 2 channel program, Elise Lucet, promises “
new revelations
” following an investigation that her team has been carrying out “
for more than a year on private nursing homes
”.
The airing of an investigation into the fast food group McDonald's scheduled for mid-February has been rescheduled to focus on the scandal at nursing home operators, according to this tweet.
12.88% drop for the Orpea title, 18.13% for Korian
Around 2:10 p.m., the Orpea title, which has fallen by around 60% since its challenge in a book denouncing serious failures in its establishments, fell by 12.88% to 33.50 euros in a market down by 0, 69%. Worse still, Korian shares plunged 18.13% to 17.29 euros. "
Orpea's announcements were clearly not enough to restore hope to investors, and the announcement of a Cash Investigation on nursing homes completes the convincing of the markets
", comments for AFP, AlphaValue, independent analysis firm . “
This issue is known for not being in the lace, it is normal that the market reacts violently. There will be a before and after this Orpea affair, both among all issuers but also among so-called 'ESG' investors.
», Continue the experts of AlphaValue.
Read alsoKorian ready to open the doors of its nursing homes to inspections to “restore confidence”
In “
Les Fossoyeurs
”, journalist Victor Castanet describes the rationing of medical supplies and food in establishments with very high prices, chronic mistreatment of residents, financial targets imposed on departments closely controlled by headquarters.
Accusations that the group refutes en bloc.
