Ireland’s largest private nursing home owner and operator, Orpea, has approved a new financing package worth €250m.
The care home company last week published the findings by auditors Grant Thornton and Alvarez & Marsal’s regarding the allegations of malpractice at is nursing homes in France.
Orpea said the audit had found evidence of financial wrongdoing but did not support all allegations against the company. French police also searched its headquarters this month.
Commenting on the new financing agreement, a spokesperson for the company said: “The agreement reached is hugely beneficial to the Orpea Group and to all its stakeholders, including in particular its 255,000 residents and patients, 71,676 employees and creditors.”
Orpea became Ireland’s largest nursing home owner and operator following a series of acquisitions, including six nursing homes from FirstCare in 2021.