Korian changes corporate status, calls for clearer care homes rules

Clariane SE

22/06/2022 17:32

June 22 (Reuters) - Shareholders in Korian  KORI.PA , under
scrutiny over its elderly care homes, backed its transition to a
European company from French on Wednesday, allowing it to
operate in different European Union states under a single set of
rules.
    The new corporate status for Korian, one of Europe's biggest
for-profit care home operators, is "consistent" with the group's
economic reality, Chairman Jean-Pierre Duprieu said during the
group's annual general meeting of shareholders (AGM). 
    France has debated conditions in care homes for the elderly
since January after a book alleging malpractices in a care home
run by Korian rival Orpea  ORP.PA  in Paris triggered a public
outcry and government probes.  urn:newsml:reuters.com:*:nL1N2U40VX
    Korian's CEO Sophie Boissard called for a clearer framework
on quality standards and public allocations for nursing homes
businesses in France. 
    French journal Le Parisien reported earlier this month that
Korian faced legal action from residents' family members over
mistreatment in its retirement homes. Korian has denied any
widespread wrongdoing and has said it would co-operate with
authorities. urn:newsml:reuters.com:*:nFWN2XU0R9  urn:newsml:reuters.com:*:nL5N2VV1AV
    Korian also reaffirmed plans to submit to next year's AGM a
plan to become a mission-led company ("entreprise à mission"), a
French legal framework that requires a company to align social
objectives with its business model.  urn:newsml:reuters.com:*:nL8N2UW3YN

 (Reporting by Diana Mandiá
Editing by Alexandra Hudson)
 ((diana.mandiaalvarez@thomsonreuters.com))