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ORPEA: PRESS RELEASE FOLLOWING THE RECEIPT OF A FORMAL NOTICE FROM THE CAISSE NATIONALE DE SOLIDARITÉ POUR L’AUTONOMIE

·1 min read

PUTEAUX, France, August 02, 2022--(BUSINESS WIRE)--Regulatory News:

The Company indicates that it has received a formal notice from the Caisse nationale de solidarité pour l'autonomie (French National Solidarity Fund for Autonomy - CNSA) to return unduly received funding, dated July 29, 2022, following the report of the joint IGAS-IGF mission, in the amount of €55.8 million.

ORPEA will reimburse the amounts that were inappropriately recorded.

The Company's position to date is disclosed in note 3.11 to the 2021 consolidated financial statements, available in the Company's 2021 Universal Registration Document.

For the amounts that are subject to differences of assessment between ORPEA and the general inspections, ORPEA will provide its answers to the CNSA within the given timeframe.

ORPEA will reimburse the amounts that were inappropriately recorded.

About ORPEA

ORPEA (Paris:ORP) is a leading global player, expert in the care of all types of frailty. The Group operates in 22 countries and covers three core businesses: care for the elderly (nursing homes, assisted living, home care), post-acute and rehabilitation care and mental health care (specialized clinics). It has more than 71,000 employees and welcomes more than 255,000 patients and residents each year.

https://www.orpea-group.com/

ORPEA is listed on Euronext Paris (ISIN: FR0000184798) and is a member of the SBF 120, STOXX 600 Europe, MSCI Small Cap Europe and CAC Mid 60 indices.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220802006028/en/

Contacts

Investor Relations
ORPEA
Benoit Lesieur
Investor Relations Director
b.lesieur@orpea.net

Investor Relations
NewCap
Dusan Oresansky
Tel.: +33 (0)1 44 71 94 94
ORPEA@newcap.eu

Media Relations
Image 7
Laurence Heilbronn
Tel.: +33 (0)6 89 87 61 37
lheilbronn@image7.fr