Scandal-hit French care homes company Orpea rebrands to emeis
Reuters
Published Mar 20, 2024 12:29
(Reuters) - French care homes operator Orpea on Wednesday rebranded to emeis as it draws a line under the scandals that plagued it in 2022 and contributed to subsequent financial issues.
Orpea has been in turmoil since the beginning of 2022, when allegations of mistreatment in its French care homes in a book by journalist Victor Castanet sent shockwaves throughout France and much soul-searching over how the elderly are treated in nursing homes.
The company has rejected the allegations of widespread abuse.
Orpea said its new name comes from ancient Greek and translates to "us" and by using it, the company wants to underline its focus on prioritising all stakeholders, it said.
The group also underwent a financial restructuring in which investors led by France's Caisse des dépôts et consignations (CDC) took control of it, making France's government Orpea's main shareholder.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.