Orpea - comment

In an attempt to draw a line under the previous regime and allegations of malpractice, Orpea has decided it will rely on the €56m claimed in public grants for living assistance for the elderly and disabled. Management had previously stated they would reimburse €26m, the portion that had not been appropriately requested, but now have decided to return the full amount. In the grand scheme of Orpea’s debt and cash flow issues, this repayment will have a limited impact.