France

 

Orpea issues reverse share split

Embattled French nursing home group Orpea has announced it will pursue a reverse share split on all outstanding company shares. This means current shares which are valued at around €0.01 each will be exchanged for new shares valued at €10 each, at an exchange rate of 1,000-for-one.
February 29, 2024

Kry continues to build health network

Livi, the UK and French brand of Sweden-based digital health and primary care provider Kry, has extended its contract with insurer Vitality. The group’s COO explains why partnering is key to digital-first providers.
February 16, 2024

Orpea raids ramp up

While inspections at facilities belonging to French multinational elderly care operator Orpea have been commonplace within France, news of Europe-wide police raids sweeping Belgium, Luxembourg, Italy, Portugal and Switzerland is now making headlines.
February 16, 2024

EU’s AI Act gets the greenlight from the European Commission

Despite opposition, the AI Act seems to be ploughing ahead right on schedule. This week, two key groups of lawmakers - the European Commission's civil liberties (LIBE) and internal market (IMCO) committees - gave their overwhelming support for the new law, which should come into force this summer.
February 16, 2024

EU states approve AI Act

In December, European policymakers gathered in Brussels to hash out the first framework for AI regulation. Despite threats to derail it, all 27 EU member states have now given it a collective thumbs up - but concerns around overregulation, bureaucracy, and the stifling of innovation remain. 
February 7, 2024

Clariane sells in the Netherlands

French nursing home operator Clariane (formerly Korian) is selling half of its stake in its joint venture with European real estate investor Aedifica. The sale of the real estate for six Dutch homes for €25m follows Clariane’s plans to reduce its debt and also mirrors rival operator Orpea’s attempts to pull back from the country.
February 7, 2024

Orpea opens business school

French nursing home operator Orpea is partnering with one of the top business schools in France - EDHEC - to launch a first-of-its-kind management school for the care sector. It plans to train 1,000 group managers within one year. HBI speaks to a market expert to learn more.
February 1, 2024

Ardian to buy France’s largest pharmacy chain and make it multinational

French PE firm Ardian has entered into exclusive negotiations to buy France's largest pharmacy chain, Aprium Pharmacie, from North American PE firm Sagard. Ardian plans to develop Aprium's advisory and digital offering, and to expand the group outside of France. We speak to Ardian's head of growth to find out more.
January 26, 2024
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