Ireland’s largest nursing home operator Orpea has delayed publication of its annual accounts as it continues to deal with an investigation into its operations in France.
The company said its annual accounts would be published on Friday, 13 May due to “exceptional circumstances”. Orpea is supporting the public authorities’ investigation into its operations following allegations of residents’ mistreatment that emerged following a publication by journalist Victor Castanet.
The French government has filed a complaint against the operator and wants it to return millions of misused public funds, while the company is also preparing for a Senate hearing.
Meanwhile, a progress report on an independent investigation by Grant Thornton and Alvarez & Marsal has also been published by Orpea.
The report highlights a failure in Orpea’s management set-up and says its budgeting process also exerted “significant pressure” on nursing homes and led to chronic understaffing.
The Group has said its operations in Ireland will not be affected by the investigations in France.
Orpea became Ireland’s largest nursing home owner and operator following a series of acquisitions, including six nursing homes from FirstCare in 2021.