Pihlajalinna acquires Itä-Suomen Lääkäritalo O

Pihlajalinna Plc      Press Release    2 January 2017 at 11.00

Pihlajalinna acquires Itä-Suomen Lääkäritalo Oy

Pihlajalinna Oyj's subsidiary Pihlajalinna Terveys Oy has arranged to purchase the entire share capital of Itä-Suomen Lääkäritalo Oy from its present owners. The purchase comes into effect on 2 January 2017. The company will become part of the Dextra chain, and after the merger, its management, practitioners and employees will continue in Dextra's employ.

Itä-Suomen Lääkäritalo provides a wide variety of private clinic and hospital services. Its three branches are Ite Lasaretti Kuopio, Lääkärikeskus Ite Leppävirta, and Lääkärikeskus Ite Suonenjoki. Pihlajalinna is acquiring Itä-Suomen Lääkäritalo to strengthen its position in private clinic services and to enhance its services in Kuopio area.

Itä-Suomen Lääkäritalo has, under the name Lääkärikeskus Ite, worked in close cooperation with Itä-Suomen Lääkärikeskus Oy. In February 2016 Pihlajalinna purchased Itä-Suomen Lääkärikeskus Oy's two private clinics in Joensuu, and private clinics in Nurmes and Outokumpu.

Urho Väätäinen will remain Itä-Suomen Lääkäritalo's managing director.

For further information, please contact:

Joni Aaltonen, Head of Mergers and Aqcuisitions, Pihlajalinna Plc, +358 40 5247270, joni.aaltonen@pihlajalinna.fi Siri Markula, Head of Communications and IR, Pihlajalinna Plc, +358 40 7432177, siri.markula@pihlajalinna.fi

Distribution: 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.