Earnings release
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PRESS RELEASE ■ • ■ KORIAN 12.6 % revenue increase in Q3 confirms Korian's growth momentum - Sustainable growth momentum confirmed after Q2 2021 rebound Q3 Revenue of € 1,082m increased by 12.6 % of which 6.6 % organic , bringing 9 - months growth to 12.4 % and organic growth to 6.5 % Regular increase in occupancy rate in line with improving health situation Largest European network : 91,387 beds in operation , o / w 2,736 opened on the nine first months , and an outpatient capacity of c.80k sessions per month ( c . + 30 % vs December 2020 ) Secured growth looking forward : - Greenfield pipeline to 2025 of c.11,500 beds - Deep M & A pipeline Continued roll out of ESG Roadmap and recognition from Vigeo - Eiris ( V.E. ) ranking Korian as leader in the Healthcare sector ( # 1 / 47 ) Successful issuance of inaugural social bond for € 300 million diversifying investor base and securing 7 year attractive rate of 2.25 % Paris , 28 October 2021 - Korian , the leading European care and support services group for the elderly and fragile , announces its 3rd quarter and 9 - month revenue for 2021 . The 12.6 % revenue increase in the third quarter of 2021 , including 6.6 % organic , confirms the growth momentum of Korian's unique business model . Revenue reached € 1,082.3 million compared to € 961.1 million in Q3 2020. In the 9 - months to end of September , revenue reached € 3,189.7 million as compared to € 2,837.6 million for the same period in 2020 . Long - term care segment grew by 9.9 % over the quarter of which was 7.7 % organic on the back of the continuous improvement of occupancy rates in all countries , maintained pricing and rebasing of tariffs and public contributions . Healthcare2 activities grew by 24.5 % over the quarter , of which was 4.4 % organic growth , driven by the strong performance of mental health and improving activity levels in September . Organic growth of 4.4 % is the result of a return to normative level of activity in August in post- acute clinics . 1 Long - term care : Nursing Homes 2 Healthcare activities : Post - acute , rehabilitation , mental health 1