Orpea Profile

Company: 
Orpea
Author: 
Jane Lethbridge
Date published: 
2010

Groupe ORPEA

1-3, rue Bellini

92806 PUTEAUX Cedex

France

Tél.: 01 47 75 78 07

www.orpea.biz

 

Subsidiaries

 

Grupo care
C/ Monte Esquinza

30 7º Izquierda

28010 Madrid
Tel. 91 426 09 52 - Fax 91 391 57 38
www.grupocare.com

www.grupocare.es

La Matairie

Avenue de Bois-Bougy

Nyon

CH-1290 Switzerland
Tel : 41-(0)22 363 2020

 

Residence Winston Churchill Clinique Longchamp

Brussels

Belgium

Residences de Ancône (Region de Marches) and Nizza Montferrato

(Piedmont)

 

 

Employees: 5,700

 

EWC: NO – ELIGIBLE

 

1.1.1      Company activities and strategy

 

Orpea is the largest private sector provider of social care in France.  It provides two types of services: care services and psychiatric services. It has a sister company CLINEA, which runs psychiatric services.  Since 2004, ORPEA has expanded into Spain, Belgium, and Switzerland. 

 

Country

Nursing homes/ clinics

Beds

France

180

16,386

Spain

16

1,676

Belgium

9

835

Italy

7

784

Swizerland

1

75

Source:

 

Property is considered a strategic asset for the group. On 31 December 2006, financial debt was €554.5m, divided as follows:

  • 74%, property asset financing
  • 26%, funding of the acquired operating structures

The company aims to expand in Belgium, Spain and Italy.  Orpea considers that the “European care sector remains very fragmented at European level”. [i]  The company has identified these three countries as having similar characteristics to France: a regulatory and supervisory system; similar demographic trends; and a fragmented sector. [ii]

 

In 2010, ORPEA is still a third-owned by its founders, the Mariam family.[iii]     Shareholders are

  • ·         Marian family : 32,5%
  • ·         Sempre : 17,3%
  • ·         Public : 50,2%

 

Revenues

 

€m

2005

2006

2007

2008

2009

Revenues

309.6

414.9

544.6

702.3

848.3

Operating profit

74.8 (included profit from sale of Medidep stake

60.6

72.4

95.0

115.5

Source: ORPEA  Full year results www.orpea.biz


[i] Orpea (2007) Strong increase in 2006 results Press release 25 April 2007

[ii] Orpea (2006) 2006 Full Year results  www.orpea.biz