Infotech Orpea and Korian shares relapse on the stock market in view of the “Cash Investigation” revelations

Orpea and Korian shares relapse on the stock market in view of the “Cash Investigation” revelations

The shares of the retirement home groups Korian and Orpea tumbled again in concert this Friday, February 4 on the Paris Stock Exchange, after the announcement of an ongoing investigation by the magazine “Cash Investigation” into private nursing homes.

What we know about Orpea, the manager of Ehpad accused of abuse

In a tweet, the presenter of the program broadcast on France 2, Elise Lucet, promised “new revelations” following an investigation by his team “for more than a year in private nursing homes”.

The sequel after the ad

“We want to finish the report as soon as possible. The broadcast will be in the coming weeks », confirmed Emmanuel Gagnier, editor-in-chief of “Cash Investigation”.

The title Orpea, which has fallen by around 60% since its questioning in a book denouncing serious failures in its establishments, ended this Friday in a sharp fall of 12.44%, to 33.71 euros, in a market down 0.77%. Worse still, the Korian share fell 16.81% to 17.57 euros at the close. LNA Health pointed to -9.41%, at 39 euros.

“Disregard for the rules of journalistic ethics”

In a letter addressed to the editor-in-chief of “Cash Investigation”, Korian indicated this Friday that its general manager Sophie Boissard “was ready to follow up” at the interview request of the show, “provided it is a fair discussion” and that his words are not “betrayed, mounted and therefore deformed”. The group demanded an interview “live and on set”.

Diving into the nursing home business, a sector obsessed with profitability

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“You will agree that the fact that one of your journalists entered one of our establishments by posing as the relative of a deceased resident, in the midst of the Covid-19 crisis, in defiance of the rules of journalistic ethics […] and health protection, does not plead to install a climate of trust between us “, argued Korian’s communications department.

The sequel after the ad

“There has never been a violation of the health protocol on the part of our teams, I refute this serious accusation”, assured Emmanuel Gagnier. The editor also rejected the conditions set by Korian for an interview. “We have already replied to Olivier Véran that there was no live, I do not think Korian is above a minister”, he noted.

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