Pohjola Hospital is now part of Pihlajalinna

Pihlajalinna Plc                  Stock Exchange Release               1 February 2022 at 11.20 a.m.

Pohjola Hospital is now part of Pihlajalinna

Pihlajalinna’s acquisition of Pohjola Hospital is completed today, 1 February 2022. The Finnish Competition and Consumer Authority (KKV) approved the acquisition on 14 January without conditions. In the acquisition, the entire share capital of Pohjola Hospital Oy will be transferred to Pihlajalinna Terveys Oy.

The acquisition is a key part of Pihlajalinna’s growth strategy and will strengthen the service portfolio in all areas of specialisation. The aim of the company is to further extend its service network, particularly in capital city area and other growth centers. The five-year service agreement signed with Pohjola Insurance further strengthens the growth plan.

With the acquisition completed, all Pohjola Hospital operations will continue under the Pihlajalinna brand. Pohjola Hospital’s trade name will be changed to Pihlajalinna Omasairaala.

− With the joint forces of Pihlajalinna and Pohjola Hospital, Finland has a new interesting and versatile healthcare service provider. The quality and efficiency of care, excellent customer experience and first class expertise are the cornerstones of our operations. We are at the same time both national and genuinely local, encapsulates Pihlajalinna CEO Joni Aaltonen.

The information in accordance with the regulations of the stock exchange were published in a stock exchange release on 14 January 2022. Pohjola Hospital’s financial information was described in more detail in the stock exchange release on 2 July 2021.

Further information:
Joni Aaltonen, CEO of Pihlajalinna Plc

Requests for contacts through Pihlajalinna’s communications:
Communications officer Juuso Kauppinen, tel. +358 40 736 5138 or juuso.kauppinen@pihlajalinna.fi

Distribution:
Nasdaq Helsinki
Major media
investors.pihlajalinna.fi

Pihlajalinna in brief
20-year-old Pihlajalinna is one of the leading private social and health care services providers in Finland. Pihlajalinna’s almost 6000 professionals provide services in over 140 locations across Finland. Extensive digital services complement our service network. We provide services to private individuals, companies and public sector entities, such as municipalities and hospital districts. Pihlajalinna is under Finnish ownership, and we pay all our taxes in Finland. For more information: www.pihlajalinna.fi