Staff to become shareholders of Pihlajalinna’s new private clinics and hospitals

Pihlajalinna Plc              Press Release                 5 April 2017 at 11:30 

Staff to become shareholders of Pihlajalinna’s new private clinics and hospitals

Pihlajalinna offers healthcare personnel and doctors the opportunity to become co-owners of some of the new private clinics to be set up around Finland. With this new operating model, Pihlajalinna wants to strengthen the local aspect in private healthcare. When the companies which run the private clinics are registered in the localities in which they operate, they will pay their taxes locally.

“In our municipal operations, we have entered into joint ventures with municipalities. This partnership model has been a success, and now we want to introduce the same model in our private clinics,” says Aarne Aktan, CEO of the Pihlajalinna Group.

In the past, local private clinics emerged when groups of doctors founded companies and hired staff to assist them. Due to corporate acquisitions and centralisation, the employees at the private clinics no longer own these companies. “We want to reverse this development, increase staff commitment and bring that famous Pihlajalinna entrepreneurial spirit to the new clinics,” Aktan says.

The aim is to keep the threshold low, so that the healthcare personnel will have a real opportunity to become shareholders and owners. Each new private clinic will be a limited liability company in its own right. This means that the different private clinics may have different owners. Ownership will be offered to key personnel at each locality, regardless of training or background. Shareholders will receive a pro rata share of the potential profit of the company. The share offered to personnel has not been decided but, according to preliminary estimates, it will be about one-fifth of the share capital of each company.

“We believe that the equal partnership we are offering will also be an asset for us when we are recruiting at new locations,” says Ville Remes, business director of Pihlajalinna private clinics and hospitals. “We want to offer our personnel the opportunity to get their fair share of our success. At the same time, we are working on the company’s scheme for providing remuneration and incentives for the current personnel.”

Pihlajalinna will expand to over 10 new locations around Finland by the end of next year. At the same time, the company will transfer the Dextra clinics and hospitals under the Pihlajalinna brand.

For further information, please contact:
Aarne Aktan, CEO, +358 40 342 4440

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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.

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Our partnership model has been a success, and now we want to introduce the same model in our private clinics
Aarne Aktan