In Line With the Objectives of Its Strategic Roadmap, ORPEA Undertakes Its Geographical Refocusing
25 Mai 2023 - 6:00PM
Business Wire
Signature of an Agreement With Adoro SIA for
the Sale of ORPEA Activities in Latvia
Regulatory News:
ORPEA (Paris:ORP) announces that it has signed an agreement with
Adoro SIA for the sale of a retirement home in Riga, its entire
scope of activities in Latvia.
With this transaction, ORPEA continues to implement its
Refoundation Plan announced on November 15, 2022, by beginning to
review its geographic footprint. ORPEA wishes to focus on all
geographies where the Group can achieve a sustainable and committed
leadership position, always with the objective of satisfying the
expectations of the residents, patients and their families.
Adoro SIA is a Baltic actor present in the elderly care sector
in Latvia. Their experience of the market and their reputation make
it possible to envisage the takeover of our Latvian activities
under good conditions, particularly for the residents and employees
of the retirement home.
The completion of this transaction remains subject to usual
conditions precedent and is expected to take place during the third
quarter of 2023.
Laurent Guillot, ORPEA's Chief Executive Officer, said:
"The evolution of the ORPEA group towards a more transparent and
efficient development model is well underway, in full accordance
with the objectives announced at the presentation of the ORPEA
Change! With you and for you plan on 15 November 2022. It is in
this spirit that we, together with the management team, are
determined to review the scope of our activities by focusing on
markets in which the group has a leading position among private
operators, while satisfying the expectations of our residents,
patients and their families. This sale in Latvia is being carried
out with a partner that has proven local experience and shares our
goal of achieving a quality of care and support that meets the
requirements of residents and their families. Finally, I would like
to thank our Latvian colleagues for their commitment and
professionalism.”
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, MSCI Small Cap Europe 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
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