Pihlajalinna Plc Stock Exchange Release 9 September 2016 at 9.00 a.m.
Tervola chose Pihlajalinna as municipality's social and healthcare services partner
Tervola municipal council chose Pihlajalinna as partner for the municipality's social and healthcare services in its meeting held last night, 8 September, 2016. According to tendering, the contract's duration is at least 10 years and at most 15 years. Provisionally, the service production begins on 1 July 2017.
Tervola municipality's population is about 3,200 and the contract's value is about EUR 13 million per year.
Tervola municipality's contract extends Pihlajalinna's municipality outsourcings to northern Finland. The municipality's social and healthcare services will be provided by Pihlajalinna Group's subsidiary owned by Tervola municipality and Pihlajalinna Group.
The temporary act restricting municipalities' complete social and healthcare outsourcings will be taken into account in actual contract negotiations. Final terms of agreement will be specified during negotiations.
Pihlajalinna Plc
For further information, please contact:
Juha Rautio, Executive Vice President, +358 40 828 1269
Distribution
Nasdaq Helsinki Key media investors.pihlajalinna.fi
Pihlajalinna in brief
Pihlajalinna is one of the leading private social and healthcare services providers in Finland. The Company provides social and healthcare services for households, companies, insurance companies and public sector entities in private clinics, health centres, dental clinics and hospitals around Finland. Pihlajalinna provides general practitioner and specialised care services, including emergency and on-call services, a wide range of surgical services, occupational healthcare and dental care services, in private clinics and hospitals operating under the Dextra brand. Under the Pihlajalinna brand the Company, in cooperation with the public sector, offers social and healthcare service provision models to public sector entities with the aim of providing high quality services for public pay healthcare customers.
