Where will big French care groups go for growth?
publication date: Feb 11, 2011
The top four French nursing homes now have a 45 to 50% share of the private market and 75% of the market held by the top 15 operators, according to Jacques Bailet, chairman and chief executive at Medica. He says that the company accelerated its acquisitions in the second half of 2010, as the authorities in 2010 and the first of 2011 have introduced a freeze on any new beds. Medica saw sales rise 12% in 2010, beating its flotation forecast of 10% and expects sales to grow 45% by 2012.
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