KORIFP 0.875 03/06/27 Corp

Korian SA

Credit, Healthcare


Publicly traded companies mentioned herein: Korian SA (KORI FP)

Highlights

The presenter is long 0.875% March 2027 bonds from Korian SA (KORI FP), a French healthcare service provider operating nursing homes in six European countries. An industry leader in terms of bed count, the company attributes 66% of revenue to its long-term care business with the remaining 34% coming from healthcare clinics. The industry was subject to some bad headlines from a book published in early 2022 that revealed problematic industry practices, causing outrage in France. The book primarily focused on French #1 Orpea, but KORI was implicated in one section of the book relating to the misappropriation of certain supplier rebates which should have been refunded to the state. KORI and its peers have been plagued by bad press as a result. The presenter feels that these issues are overblown and given the health of the underlying businesses, he highlights a few bond market opportunities that may be underappreciated by investors.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.