AMWatch

Finnish nursing home scandal deals blow to Attendo shares

The shares of Nordic care company Attendo, listed on the Stockholm Stock Exchange, dived by nearly 10 percent last week as a huge furore over neglect at nursing homes made daily headlines in Finland.

This picture does not stem from Attendo's nursing homes. It's a genre picture for illustration purpose. | Photo: PR: Scanpix

The Finnish care homes crisis which crescendoed last week initially focused on privately-owned nursing home chain Esperi Care, but quickly expanded to envelop other companies in the sector -- Attendo and Mehiläinen.

Finnish state broadcaster Yle revealed that nursing homes belonging these chains too had been reported to the local authorities because of concerns over poor care standards.

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