Communication to ORPEA of Two Expert Reports Drawn Up at the Request of the Insolvency Judge Appointed in the Context of the Accelerated Safeguard Procedure
23 Juni 2023 - 9:00PM
Business Wire
Regulatory News:
ORPEA (Paris:ORP):
By order of the court-appointed insolvency judge in the context
of ORPEA's accelerated safeguard procedure, the firm Ledouble,
acting as an independent financial expert, was appointed to draw up
two valuation reports with a view to implementing ORPEA's financial
restructuring.
The court-appointed administrators have today sent these
reports, intended for the bodies involved in the proceedings, to
ORPEA.
These two expert reports relate to:
- the valuation of the ORPEA group as a going concern: this
report leads the independent expert to propose a range of values of
between €6 billion and €7 billion;
- the valuation of ORPEA SA in a liquidation scenario, including
a scenario for the sale of individual assets and a scenario for the
sale of all ORPEA assets to a acquirer: this report leads the
independent expert to consider that the best estimate of
liquidation value is comprised between €2.6 billion and €3.7
billion.
These two valuation reports are available on ORPEA's website in
the "Restructuring" section [link].
About ORPEA
ORPEA is a leading global player, expert in providing care for
all types of frailty. The Group operates in 21 countries and covers
three core businesses: care for the elderly (nursing homes,
assisted living facilities, homecare and services), post-acute and
rehabilitation care and mental health care (specialized clinics).
It has more than 76,000 employees and welcomes more than 267,000
patients and residents each year.
https://www.orpea-group.com/en
ORPEA is listed on Euronext Paris (ISIN: FR0000184798) and is a
member of the SBF 120 and CAC Mid 60 indices.
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Investor Relations ORPEA Benoit Lesieur Investor
Relations Director b.lesieur@orpea.net
Toll-free number for shareholders: 0 805 480 480
Investor Relations NewCap Dusan Oresansky Tel.: 01
44 71 94 94 ORPEA@newcap.eu
Press Relations ORPEA Isabelle Herrier-Naufle
Press Relations Director Tel.: 07 70 29 53 74
i.herrier-naufle@orpea.net Image7 Charlotte Le Barbier //
Laurence Heilbronn 06 78 37 27 60 - 06 89 87 61 37
clebarbier@image7.fr lheilbronn@image7.fr
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