Turnover: 4.5 billion EUR (2022)
Country: France
The Korian Group has existed since the merger between Medica and Korian in 2014. The Group provides support and care for senior citizens. The Korian Group is the number 1 player in France (50% of its business), but is also present in Germany (28%), Belgium (12%), and Italy (10%).
Korian owns 292 EHPAD in France. The total number of beds in France is approximately 24,500, with an average capacity of around 84 beds per EHPAD.
The Korian Group acquired 70% of Âge & Vie in 2018 to participate in the development of intergenerational colocations.
News
Ehpad: Clariane opens up its capital to Jean-Bernard Lafonta's fund 20/05/2024
- The investment fund HLD Europe is to take a 20% stake.
- Crédit Agricole Assurances holds 24.6%.
- HLD Europe is already a shareholder in Santé Cie, a homecare company with sales of 390 million euros.
- Three activities retained by Clariane: Ehpad, clinics (with around 110 in France), and non-medical homecare services.
- Clariane asset disposal plan: €1 billion program over 2024-2025, with around 40% already completed.
Clariane (formerly Korian) announces the sale of its home hospitalization business 13/05/2024
- - Disposal of hospitalization and home nursing care activities in France: around 130 million euros for 8 establishments generating sales of 46.5 million euros in 2023, and employing 309 people.
- - Disposals in the United Kingdom and investment in the Netherlands
- - Belgian activities: sales of 617 million euros in 2023.
Clariane may sell its hospital-at-home businessle 05/04/2024
- - Disposal target: 1 billion euros of assets and activities by 2024 and 2025.
- - 8 specialized AHH nursing homes.
- - 3 SSIAD agencies in France.
- - Number of employees concerned by these activities: 309 out of a total of 70,000 Group employees.
- - Sales for HAH/SSIAD activity in 2023 : Slightly over 46 million euros.
Ehpad: in loss, Clariane rolls out its recovery plan 29/02/2024
- Sales up 11.4% to 5 billion euros
- Clariane plans a capital increase of 300 million euros.
- The number of Clariane facilities increased to 1,327 by the end of 2023, with 92,000 beds and 900,000 residents and patients cared for by 70,000 healthcare professionals in 7 European countries.
- The occupancy rate of Clariane's Ehpads in France has risen to 88.1% by December 2023.
- The rescue plan aims to reduce debt to below three times Ebitda by the end of 2025.
- For 2024, the company is counting on higher rates and organic sales growth of 5%, excluding disposals.
Ehpad: Clariane (ex-Korian) refinances to avoid defaulting on payments 14/11/2023
- Clariane refinancing plan: 1.5 billion euros Real estate partnership with Crédit Agricole Assurances (CAA) for : 140 million euros
- Negotiations for a second real estate partnership concerning assets in the United Kingdom: 90 million euros
- Asset disposal program planned for the following year: around 1 billion euros
- Proposed capital increase to raise: 300 million euros
- Fall in Clariane share price between October 24 and 26: 35.9%
- Capital increase announced by competitor Orpea: approx. 3.9 billion euros.
Ehpad: ex-Korian in dire straits 14/11/2023
- Clariane (ex-Korian) is number one in France in the Ehpad sector
- The company has announced a €1.5 billion refinancing plan to avoid defaulting on its debts
- Sales up 9.0% in the first nine months of the year
- Clariane's Ehpad occupancy rate is 88.9%
- Clariane carries 1.6 billion euros in debt to be refinanced in 2023-2024
- The company's plan calls for 1 billion euros in asset disposals
- The company is considering a capital increase of 300 million euros, 200 million of which will be guaranteed by Crédit Agricole Assurances, Clariane's largest shareholder (24.8%)
Senior residences: Casa Barbara welcomes Atream reinforcement 03/07/2023
- Casa Barbara is a young brand of serviced residences for active seniors, launched at the end of 2021 by Clariane.
- Two Casa Barbara units already exist, one in Nice and the other in Levallois-Perret (Hauts-de-Seine), due to open in 2022.
- A partnership has been set up with real estate investment company Atream to open a further 15 residences by 2030.
- Atream will commit 250 million euros over seven years to the construction of these units.
- These new units will be owned by a real estate company and operated by a joint venture jointly owned by Clariane, the Triganos and Atream, with each partner holding one-third of the capital.
- Atream plans to invest 220 million euros in the first 15 units of the new budget hotel chain Oh Baby, in which Serge and Jérémie Trigano are also involved.
- Atream is also one of the investors involved in the rescue and relaunch of Groupe Pierre & Vacances Center Parcs.
Korian is readjusting its offering in response to the expansion of more medicalized Ehpads and the boom in homecare. 22/02/2023
- Korian is present in 7 European countries with 695 establishments (279 in France)
- The group observes an "average renewal rate" of its 88,000 residents of one third per year
- The occupancy rate has risen from 86% to 88%
- Korian has invested in increasing medicalization
- Its Petitfils homecare company, acquired in early 2019, now has 253 branches in France, and has doubled its customer base in one year
Korian to expand its shared-rental offer for the elderly. 08/07/2022
- In 2018, Korian acquired a 70% stake in Ages & Vie
- By the end of 2022, Ages & Vie will have 300 homes with 8 inhabitants in 150 towns and 500 to 600 homes by the end of 2025 with this investment agreement
- Total housing capacity of 5,000 elderly people and 1,500 to 1,800 jobs for care assistants
- Cost of 1,700 euros per month
- Korian is proposing a formula adapted to independent but isolated elderly people, which will involve 330 shared homes in the Ages & Vie network
Korian becomes a European company and demands clear rules for nursing homes. 23/06/2022
- Korian has retirement homes all over the world.
- Korian is facing fierce controversy in France over its business model in relation to quality standards for retirement homes.
- Korian is to transform itself into a European company.
- Korian wants to become a company with a mission.
Financial Data
DUNS: 447800475
Legal Name: CLARIANE
Address: 21 RUE BALZAC 21-25, 75008 PARIS
Number of employees: Entre 100 et 199 salariés (2021)
Capital: 1 423 923 EUR
Financial Data:
| Year | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Turnover | 32 340 000 | 23 544 000 | 139 053 000 | 130 980 | 83 774 000 | 76 745 000 | 69 035 000 |
| Gross margin (€) | 38 550 000 | 26 954 000 | 161 728 000 | 141 851 | - | - | 83 150 000 |
| EBITDA (€) | -67 690 000 | -38 449 000 | -26 210 000 | 3 731 | - | -5 160 | -45 245 000 |
| Operating profit (€) | -74 604 000 | -46 471 000 | -38 913 000 | -9 370 | - | -5 160 | -33 665 000 |
| Net profit (€) | 55 005 000 | -25 639 000 | 4 981 000 | 67 000 000 | 69 630 000 | 61 869 000 | 21 871 000 |
| Turnover growth rate (%) | 37,4 | -83,1 | 6,2 | 56,3 | 9,2 | 11,2 | 2,9 |
| Ebitda margin rate (%) | -209,3 | -163,3 | -18,8 | 2,8 | - | - | -65,5 |
| Operating margin rate (%) | -230,7 | -197,4 | -28 | -7,2 | - | - | -48,8 |
| Working Capital (turnover days) | 15 324,1 | 33 106,7 | 4 688,8 | 4 361,3 | - | - | 2 693 |
| Working Capital requirements (turnover days) | 163,1 | 168,8 | 261,4 | 320,9 | - | - | -141,2 |
| Net margin (%) | 170,1 | -108,9 | 3,6 | 51,1 | - | - | 31,7 |
| Added value / Turnover (%) | -54,2 | -48,6 | 34,6 | 49,1 | - | - | 15 |
| Wages and social charges (€) | 48 632 000 | 25 543 000 | 70 656 000 | 56 603 | - | - | 11 768 000 |
| Salaries / Turnover (%) | 150,4 | 108,5 | 50,8 | 43,2 | - | - | 17 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Administrateur | Philippe | Leveque | 66 | |
| Administrateur | Matthieu, Pierre, Michel | Lance | 57 | |
| Administrateur | Guillaume | Bouhours | 49 | |
| Administrateur | Markus | Müschenich | 65 | |
| Administrateur | Jean-francois | Brin | 62 | |
| Administrateur | Sophie | Bombois | 55 | |
| Administrateur | Anne | Lalou | 62 | |
| Administrateur | Catherine | Soubie | 60 | |
| Autre | Gilberto, Antonio | Nieddu | 37 | |
| Autre | Jean-pierre | Duprieu | 74 | |
| Autre | Marie-christine | Leroux | 65 |
Studies mentioning this company
The nursing home market - France
Other companies mentioned:
- Korian Clariane
- Orpéa Emeis
- Domus Vi
- LNA Santé
- Maisons de Famille Groupe
- Emera
- Domidep
- Residalya (groupe DomusVI)
- Medeos
- Omeris Réseau
- SGMR « Les Opalines »
- Medica France
- Domani
- Medicharme
- DocCity
The Home Medical Aid Market - France
Other companies mentioned:
- AD Seniors
- ADHAP Services
- Senior Compagnie (Groupe Zephyr)
- Aquarelle Service
- Age d’Or Services
- Petit-Fils (Korian Groupe)
- Solutia Groupe
- Oui Care
- Domidom
- Adomis (Zephyr groupe)
- Adenior
- ADMR
- UNA
- DomusVi
- Orkyn (Air liquide)
- Homeperf
- Korian Clariane
- Bestens umsorgt (KORIAN Group)
- Zephyr Groupe
- Elivie (Groupe Santé Cie)
- Asten Santé (La Poste)
- La Poste
- Air Liquide Santé
- Dinno Santé