(News Bulletin 247) – Orpea announces that it has signed an agreement with Adoro SIA for the sale of a retirement home located in Riga, ie all of its activities in Latvia.

With this transaction, Orpea continues to implement its Refoundation plan announced on November 15, 2022, by starting to review its geographical footprint.

The company says it wants to ‘focus on all geographies where the group can eventually achieve a sustainable and committed leadership position, always with the aim of meeting the expectations of its residents, patients and their families’.

Adoro SIA is a Baltic player present in the medico-social sector in Latvia.

The completion of this transaction remains subject to the usual conditions precedent and should take place during the third quarter of 2023.

‘The evolution of the ORPEA group towards a more transparent and more efficient development model is largely underway, in perfect harmony with the objectives announced during the presentation of the ORPEA Change plan! with you and for you, on November 15, 2022,” commented Laurent Guillot, CEO of the Orpea Group.

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