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Orpea keeps growing

Rafał Ostrowski 25 March 2020

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał Ostrowski has over 17 years’ experience as a journalist. Before joining ‘Eurobuild CEE’ five years ago, he wrote for Wydawnictwo Murator and Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and prepared photo-reportages. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. For ‘Eurobuild CEE’ he covers most real estate sectors, including logistics, construction, office, residential and retail. He is also in charge of the film direction for Eurobuild TV.

EUROPE French nursing home and hospital operator Orpea Group recorded a 246 mln consolidated net profit in 2019, up 11.6 pct y-o-y. Its revenue increased 9.4 pct to EUR 3.74 bln. The number of beds across all its homes and care centres rose by 7,657 to 104,234 beds across 22 countries. Another 21,00 are under construction.

The company has also announced its acquisition of the TLC Group, which is a leading nursing home operators in Ireland with a total of 674 beds in five centres, all recently built and all within Dublin County. TLC owns all of its real-estate and generated revenue of EUR 40 mln in 2019.

Orpea has a portfolio of 1,100 bed in Poland. It is now completing the construction of the Antonina nursing home in Piaseczno near Warsaw and in Poznań it has started construction on its largest project in the country.

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