The Board of Directors ended the functions of Yves Le Masne, replaced by Philippe Charrier. In the turmoil, the Group promises investigations into the system put in place to maximize its profitability, to the detriment of the quality of care provided in its establishments.
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This is a first effect of the storm triggered by the ORPEA System Survey: the Board of Directors of the French Retirement House Group, one of the world’s global giants, has dismissed from office , Sunday, January 30, his managing director for a decade, Yves the Masks. It will be replaced by Philippe Charrier, which has been presiding in a non-executive manner since 2017.
orpea, which has nearly 1,200 establishments and a capacity of 11,600 beds in 23 countries, is located in the turmoil since the publication, Wednesday, January 26, of the work of the journalist Victor Castanet, the gravediggers (FAYARD, 400 pages, 22.90 euros). In this book, whose good leaves have been published in Le Monde, Wednesday, the journalist thoroughly documents the system put in place within Orpea to maximize the profitability at all costs, to the detriment of both residents and employees.
Rationing medical supplies and food in establishments at very high tariffs; Non-replacement of caregivers, yet already hired in the dropper; financial objectives imposed on directions controlled very closely by the headquarters; charges and retrocessions of margins required from external subcontractors and providers … According to the survey, it is a complex strategy to reduce costs and to capture maximum public funding, which has been put in place for decades Within Orpea, with the objective of maximizing the benefits of the group and the dividends of its shareholders. A policy led to the detriment of the well-being of the residents, considered above all as sources of profits.
The dependency is “not a business like the others”
The Revelations of the Book of Mr. Castanet, from three years of investigation and precisely documented, are overwhelming for ORPEA. They triggered a real shock wave. The title of the group lost nearly 50% of its market value in a few days. The French authorities have diligent a survey of the Regional Health Agency in the hosting facility for elderly dependent (EHPAD) of Neuilly-sur-Seine (Hauts-de-Seine), where some of the excesses described In the book, and summoned the management of the group, Tuesday 1 February, to shed light on its management. In Belgium, inspections were launched in ORPEA institutions.
“The revelations made in this book are absolutely revolting (…). If these facts are proven, they will obviously have to be sanctioned with the greatest severity,” warned Gabriel Attal, spokesman of the government, Wednesday. The President of the Hospital Federation of France, Frédéric Valletoux, calls for “seriously supervising” private groups in the sector, reminiscent that dependence is “not a business like the others”. Socialist MPs announced wanting to launch a commission of inquiry. The candidate LR to the presidential election, Valérie Pécresse, calls to “radically change the model of EHPAD”.
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