2024-01-07 09:30:21
On Christmas Eve, Orpea unwrapped a big gift at its general meeting: some 1.55 billion in new money. The final point of a recapitalization of the group of retirement homes and clinics, begun several months ago by a group led by the Caisse des Dépôts, the financial arm of the State, with the insurers MAIF, MACSF and CNP, which now holds 50.2% of the group and therefore becomes the majority. The majority of creditors share almost everything else in exchange for the clearance of almost half of the 9 billion euros of debt.
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With a direction clearly expressed by the group of investors. Namely “improving the quality of reception and care for residents, even if this must be done, and it will be the case, to the detriment of a share of profitability”, proclaims Pascal Demurger, general director of the MAIF. So the end is the frantic race for profit without faith or law which almost sunk the group with 76,000 employees two years ago.
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