Orpea: behind the scenes of the rescue of the giant Ehpad by the State

The group, whose action has lost 90% of its market value, is weighed down by its debt. LOIC VENANCE / AFP

INVESTIGATION – In turmoil for a year, the group signed with its creditors the abandonment of 3.8 billion in debt. It will come under the control of the Caisse des Dépôts.

We saved Orpea! “Laurent Guillot, CEO of the group since July 1, is more than relieved. Plunged into a media, political, legal and financial turmoil since the revelation by the book The Gravediggers, just a year ago, from the turpitudes of the previous management, the French nursing giant found the financial means to turn the page. Weighed down by a debt of 9.5 billion euros and on the verge of bankruptcy, it has just reached an agreement with its creditors and its future shareholders, after weeks of intense negotiations.

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