France: European acquisitions boost Orpea’s results

Yves Le Masne, chief executive officer, Orpea

France-based long-term care group Orpea has reported a strong year of strong earnings growth thanks to acquisitions in Europe. Consolidated profits were up 11.4% to €220m (US$247.6m) on revenues that rose 9% to €3.4bn. “Our international expansion was very dynamic in 2018 with 10,000 additional beds across the network over the past 12 months and…

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