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Orpea acquires Silver Care Group and raises FY 2014 revenue guidance

Monday, 28 Apr 2014 11:45am EDT 

Orpea SA:Acquires Silver Care Group in Germany from Private Equity Firm Chequers Capital.Silver Care has 61 retirement homes for dependent elderly, with 5,963 beds including 290 beds under construction due to open in 2014.Silver Care will generate revenue of about 200 million euros in 2014.Acquisition will become effective on July 1.Orpea lifts again its revenue guidance for FY 2014 to 1,930 million euros from previously announced figure of 1,830 million euros, representing growth of 20 pct over FY 2013.FY 2014 revenue 1,837 million euros - Thomson Reuters I/B/E/S Estimates. 

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