Pihlajalinna chosen as Tervola municipality's social and healthcare services partner

Pihlajalinna Plc     Stock Exchange Release     11 November 2016 at 8.30 a.m.

Pihlajalinna chosen as Tervola 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 on Thursday night, 10 November, 2016. The Council made the decision in the matter for the second time. The Municipal Council selected Pihlajalinna as the municipality's partner in social and health care services on 8 September, but the procurement decision was returned to the Council for a second examination. The Municipal Board deemed that decision-makers who were disqualified had participated in making the Council's decision.

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.

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
Siri Markula, Head of Communications and IR, +358 40 743 2177, siri.markula@pihlajalinna.fi

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.