Global Health Partner invests in Finnish Laastari Lähiklinikka
Global Health Partner (GHP) has become a minority shareholder in Laastari Lähiklinikka by participating in a new share issue. After the share issue Laastari Lähiklinikka remains majority owned by management and private investors.
Laastari Lähiklinikka builds and operates retail clinics that are focused on treating common minor illnesses such as influenza, ear infections, urinary infections etc. at a much lower cost than traditional care providers. Retail clinics are primary care clinics located in shopping centers and pharmacies, close to peoples’ everyday life. All treatments given in Laastari Lähiklinikka’s retail clinics are based on the medical best practices and the national medical guidelines. The Finnish clinics currently operate in Kerava, Lahti and Helsinki.
As part of the investment, GHP’s CEO, Per Båtelson, will join the Laastari Lähiklinikka Board of Directors alongside, among others, Linda Hall Keller, the former CEO of MinuteClinic in US. The investment signals the companies’ joint commitment to reshaping healthcare delivery models as well as the joint commitment to the mission “Quality through specialisation”. Through its investment in Laastari Lähiklinikka GHP is also strengthening its presence in the Finnish healthcare market. On top of providing primary care patients with better access to convenient and high quality primary care, the retail clinic model of Laastari Lähiklinikka will also create a more efficient and customer-friendly way of handling pre- and post-operation follow-up visits for GHP patients.
With the new share issue, Laastari Lähiklinikka is taking the first step in expanding the new cost-efficient primary care model from Finland to other European countries, and reaching out for cooperation with larger healthcare payer groups, such as insurance companies and public sector healthcare financers. The investment also starts active cooperation between GHP and Laastari Lähiklinikka aimed at supporting each other’s efforts in establishing operations in new markets.
5 October 2011
Gothenburg, Sweden
Global Health Partner AB (publ)
Queries should be addressed to:
Per Båtelson, CEO Global Health Partner, phone: +46 705 95 57 00
Ville Öhman, CEO Laastari Lähiklinikka, phone: +358 50 584 0346
Global Health Partner is an internationally active healthcare provider that operates specialist clinics in a select number of treatment areas through the application of a business model that is unique in the healthcare industry, where leading doctors become partners and shareholders. Multiple clinics with high patient volumes within the same area of treatment produce increased efficiency and higher quality, which is the cornerstone of Global Health Partner's business philosophy – ”Quality through Specialisation”. Global Health Partner’s shares are traded on the Small Cap list at NASDAQ OMX Stockholm under the abbreviation “GHP.”
Global Health Partner AB (publ) | www.globalhealthpartner.com
Corp. ID No. 556757-1103 | Östra Hamngatan 26-28 | SE-411 09 Gothenburg | Sweden
Tel 46-31 712 53 00 | Fax 46-31 313 13 21
This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.
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