Multinational French care home giant emeis has finalised a deal to sell eleven nursing homes in the Netherlands to Bouwinvest. The transaction was valued at €97 million.
In this week’s infographic we look at the reported numbers of care home closures (voluntary and involuntary) in the UK from 2011 to 2023, as compiled by the Care Quality Commission (CQC) and reported by The Lancet, a medical journal.
The number of overseas care workers applying to work in the United Kingdom has more than halved since the British government announced changes to immigration rules for those working in the care industry.
UK PE firm Foundation Partners and US PE firm Deer Capital have bought Hartford Care, a UK care home group with 21 homes across the south of England. The new owners plan to double the group’s size by 2026.
Pan-European French nursing home group emeis (formerly Orpea) has emphasised non-financial metrics such as reduced accident rates and increased satisfaction rates in its 2023 results. The company also reported 11% revenue growth for the year, although EBITDA decreased.
Pan-European listed French nursing home group Clariane is exploring disposal options for its Hospitalisation à Domicile and Services de Soins Infirmiers à Domicile (HAD/SSIAD) business in France with the members of the Comité Social et Economique Central d'Entreprise (CSEC).
PE firm Nordic Capital has decided not to sell German nursing home group Alloheim, and instead to refinance it. Nordic Capital says it wants to hold onto the group “for the foreseeable future”.
Whilst the care home market across much of continental Europe is still reeling from the triple hangover from Covid, the Orpea scandal and inflation, the UK’s care home sector is currently in the best state it's been in for years.
French care home operator Orpea has rebranded itself as emeis, in the wake of a tumultuous period marked by allegations of mistreatment in its facilities. The company's decision to change its name comes as it attempts to distance itself from the scandals that have plagued it since 2022, including accusations of abuse within its French care homes.
Pan-European listed French nursing home group Clariane has successfully exited the UK with the sale of its Berkley Care subsidiary. The group has also made progress on the sale of its Belgian and Dutch branches, but has not yet secured a buyer for these.
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