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French multinational enters Slovenian elderly care market

Radenci, 16 July (STA) - Orpea, a French multinational that specialises in assisted living services, has entered the Slovenian market via its Austrian subsidiary Senecura by purchasing a retirement home in Radenci, eastern Slovenia, called Dosor.

Senecura purchased the facility earlier this year from Radenci municipality and the Austrian bad bank Heta and plans to use it as a springboard for Slovenia, having previously acquired the licence to build several small retirement homes around the country with a total of 310 beds.

The company, the biggest private operator of retirement homes in Austria, acquired Dosor because of the quality of care it provides, favourable location and its reputation in Slovenia, Senecura board member Anton Kellner told the press on Tuesday.

Radenci municipality sold its 50% stake for EUR 1.5 million, while the rest was acquired with the purchase of Heta's EUR 7.6 million in claims to Dosor.

Dosor has 178 beds and 100 employees. It was built as a public-private project in 2008.

Together with the planned network of small retirement homes, the acquisition puts Senecura on track to compete with the biggest Slovenian private provider of elderly care, Deos, which has eight facilities in Slovenia.

There are currently over 100 elderly care facilities in Slovenia offering just over 20,000 places, most of which are publicly owned and operated by municipalities.

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