DVD boss forecasts French care home multiples will fall as he prepares for 2013 IPO
publication date: Feb 25, 2011
Jean-Francois Vitoux, the chief executive of Groupe DVD, the recently merged outfit which claims to be the largest nursing home group in France, has an interesting take on the future. He fully expects stock market multiples to fall as the state reduces payments and he think that the big quoted groups, with whom he competes, are paying very full prices for acquisitions. DVD itself should float in the first half of 2013.
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