History

1989	Creation of ORPEA	ORPEA Group is founded by current Chairman Dr Jean-Claude Marian.

1989-1995	Development focused on nursing homes	The Group expands through the creation of 46 facilities, representing 4,600 nursing home beds.

1995	Consolidation and structuring of the organisation	Following a period of brisk expansion, ORPEA reorganises itself in order to optimise its management costs. An administrative head office is created in the Paris region to organise and control the ORPEA Group's accounting, financial and employee-related matters.

1999	Development of a medium-term care offering	ORPEA focuses on the creation and acquisition of postacute and rehabilitation care and psychiatric care clinics.

2002	IPO	On 16 April 2002, ORPEA is successfully listed on the Second Marché of Euronext Paris.

2004	Expansion into Europe	ORPEA opens its first two facilities in Italy.

2006	Further international expansion	Acquisition of facilities in Switzerland (psychiatric clinic in Nyon, by Lake Geneva), Belgium (geriatric complex in the centre of Brussels) and Spain (Grupo Care, one of the market leaders in dependency care in Spain with 15 facilities representing 1,504 beds).

2007	Entering the DSS	ORPEA is eligible for the Deferred Settlement Service (DSS), improving the stock's liquidity.

2008-2009	Structuring the European network	ORPEA structures its presence in Europe by creating functional head offices in Belgium and Italy, and rolling out its quality policy at all of its facilities in Europe.

2010	Major acquisition	ORPEA carries out the largest acquisition in its history, with the strategic acquisition of Mediter - which notably owns a majority stake in the Mieux Vivre Group - and the acquisition of a 49% stake in Medibelge, representing a total of 4,866 beds at 57 facilities.

2011	Strengthening of equity	ORPEA successfully realizes a share capital increase in cash with shareholders’ preferential subscription rights of €203 million.