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In a context of public spending cuts, the French private health sector is going through a period of strong turbulence. Although private, these establishments (commercial clinics, private establishments of collective interest (ESPIC), specialized centers, or associative structures) remain largely dependent on public pricing (nearly 90% of their resources), while facing a persistent shortage of medical staff and increasing investment needs.
Result: nearly one in two private establishments is currently running at a deficit, and business failures in the human health and social action sector increased by 38.5% between 2024 and 2025. This deterioration is reflected in financial restructuring operations, such as the highly publicized ones of the Colisée and Emeis (formerly Orpéa) groups, but also in bankruptcies: the Institut Mutualiste Montsouris and the Hôpital Privé Toulon Hyères Sainte-Marguerite were thus taken over in a transfer plan, while other groups, such as Philogeris, Medicharme, or SoMed, were liquidated.
While the prospects for 2026 look hardly any more favorable, what lessons can be drawn from the major restructurings observed in recent months in the sector?
Click here to read the French-language article.
This article was written by Paris R&I Partner Alexandre Koenig and Associates Lauriane Chauvet and Marine Allet and was originally published in Hospitalia Magazine.