(AOF) – Orpea and UNI Global Union have signed an international agreement on ethical employment, social dialogue, collective bargaining and trade union rights. The agreement, which covers 70,000 employees in 23 countries, aims in particular to improve social dialogue as well as trade union rights and thereby the working conditions of employees and the quality of care provided to residents and patients seen at Orpea.
“It includes strong commitments on the rights of employees, the conditions for a calm social dialogue, the fundamental freedoms of unions and collective bargaining”, added the operator of Ehpad.
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=/ Key points /=
– European number 1 in comprehensive dependency care with more than 116,000 beds and 1,156 establishments in 23 countries, created in 1989;
– Turnover of €4.3 billion, split between France-Benelux for 60%, Central Europe for 26%, Eastern Europe for 9%, the Iberian Peninsula and Latin America ( Brazil, Chile and Uruguay) for 5% then China;
– Value creation model based on 4 pillars: investment in people, quality of service assessed regularly, an organization adapted to international development in locations with high purchasing power, 50% ownership real estate (47% in 2020);
– Split capital (14.5% for the Canadian pension fund CPPIB and 5% for FFP of the Peugeot family), Philippe Charrier chairing the 13-member board of directors, Yves Le Masne being managing director;
– Tight balance sheet with €3.6 billion in shareholders’ equity against €6.7 billion in net debt, increased by external growth.
=/ Issues /=
– Decentralized operational organization aimed at controlling the internationalization of the group present in 23 countries, with management teams for each geographical area and harmonization of procedures and controls carried out by head office;
– Innovation strategy to anticipate the management of human frailty:
– Open innovation with 108 projects around health & care, catering & hospitality, construction and processes,
– university research with nearly 30 innovative projects,
– 100% of new constructions certified HQE,
– 5% reduction in energy consumption,
– 2023 environmental roadmap:
– 100% of tenders including a CSR assessment,
– 100% of suppliers signatories of the responsible purchasing charter,
– 100% of new constructions certified HQE,
– 5% reduction in energy consumption,
– 1
er
launch of a green loan in March;
– After the acquisition of the buildings of 3 German retirement homes, success of the partnership concluded with Icade Santé in the development in Europe;
– Growth reservoir provided by the 26,000 beds under construction and reinforced by the 6 acquisitions made in 1
er
semester.
=/ Challenges /=
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Reconquest of investors after the collapse of the valuation due to the publication of an essay – Les Fossoyeurs – on the mistreatment suffered by residents of the group’s retirement homes, the practices of rear margin and on the overwork of employees;
– Conclusions of the report of two independent firms on the group’s practices in relation to “the allegations reported in the book”;
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Postponement to April 30 of the publication of the 2021 annual report.
– Share buyback program.
Boost for French pharmacy
At the end of a recent CSIS, the French authorities announced an amount of credits (7 billion euros) never reached: 1.5 billion for hospital-university research, 2 billion for investment in health via bpi france , 1.5 billion in aid for the relocation of industrial projects, and 2 billion to strengthen investment in three sectors of the future (bioproduction, digital medicine, and pandemic preparedness). In addition, the annual growth in drug expenditure reimbursed by Medicare will be 2.4%, which should generate growth of at least 0.5% in the turnover of laboratories,
Above all, the normal drug marketing procedure will be accelerated (up to 500 days saved) if the medical benefit rendered is sufficient.