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Orpea: the specter of the backup plan

2022-11-15T19:34:27.028Z


The creditors will take control of the group. Current shareholders will be heavily diluted.


It missed only this.

At the very moment when Laurent Guillot, boss of Orpea, presented a plan intended to reassure its shareholders and its creditors of the group, dozens of Ehpad were searched throughout France as part of a preliminary investigation for "

institutional abuse

" conducted by the Nanterre public prosecutor's office.

The group is still far from being out of the turmoil created by the publication, at the end of January, of Les

Fossoyeurs

, a book revealing the strange practices of the group.

Once praised by investors, the European number one nursing home, in the red in the first half (269 million euros in net loss), is cornered.

The group is exposed to a risk of lack of liquidity during the first quarter of 2023

The management of the Orpea group

The group is exposed to a risk of lack of liquidity during the first quarter of 2023

”, revealed its management.

The bank financing obtained last May is no longer enough.

Orpea, which is under 9.5 billion euros in debt, is forced to renegotiate it with its creditors.

The asset disposals he was to make (1 billion…

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Source: lefigaro

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