Ad-hoc | 21 February 2012 18:00
Genolier Swiss Medical Network (GSMN) / Key word(s): Acquisition/Acquisition 21.02.2012 18:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Genolier Swiss Medical Network, the no.2 Swiss group of private clinics, is taking over the operation of Clinique Spontini in Paris. A member of the Générale de Santé group until 2007, Clinique Spontini was from 2003 one of the leading cosmetic surgery clinics in France. GSMN intends to reposition the institution as a European benchmark for cosmetic surgery. The clinic will reopen this summer after a complete renovation. With 4 operating theatres and 24 rooms, the clinic will have a staff of around 50, will collaborate with the leading surgeons, and will offer a top-quality medical and accommodation infrastructure. Clinique Spontini, situated in the 16th district of Paris, was put into administration in October 2011. GSMN has taken over, through a specially created subsidiary, Clinique Spontini SAS, the business activities and assets of the Clinique Esthétique Spontini in Paris. This institution was closed and placed in administration in October 2011. The clinic will reopen this summer, after a total renovation. Clinique Spontini will offer in Paris the standards of medical and accommodation excellence of the Genolier group. It will be a specialized unit of the Swiss group in Paris, and is not part of an overall development strategy for France. Founded in the 1980s, the clinic was taken over and completely renovated by Générale de Santé in 1999. From then on, it was devoted to cosmetic surgery, and became the first clinic in France with certification for this specialism. The Clinique Spontini has 24 rooms, 4 operating theatres, a room for minor surgery, and an entire floor dedicated to cosmetic medicine, with 3 treatment rooms. A team of 15 surgeons and 2 cosmetic physicians will be on hand to welcome patients from the summer of 2012. Entirely renovated 10 years ago, Clinique Spontini is in excellent condition. Work is currently in progress on upgrading the rooms and the reception areas. The new name of the clinic will be Genolier Paris Spontini. Part of the Swiss group Genolier Swiss Medical Network, Clinique Spontini will be positioned as a specialist clinic for plastic and cosmetic surgery. The institution has established an excellent reputation in Paris in the area of cosmetic surgery, and will serve as a point of access to the group's Swiss clinics for French and international clientele. And Swiss patients will also be able to benefit from the services in cosmetic surgery and medicine offered by its prestigious surgeons. Clinique Spontini thus complements the clinics of the Genolier group in the area of cosmetic, plastic and reconstructive surgery. Genolier Swiss Medical Network SA (GSMN) is the second largest network of private clinics in Switzerland. Its growth strategy focuses on the creation of a national network through the acquisition of clinics and the restructuring of their operations. GSMN's main aim is to offer first class hospital care to Swiss and foreign patients. The distinctive features of GSMN include its high quality services, its brand value, a pleasant working environment and an experienced management team with an entrepreneurial approach. By the end of February 2012, GSMN will operate 10 private establishments in Switzerland (Clinique de Genolier, Clinique de Montchoisi, Clinique Valmont, Clinique Générale, Centre médico-chirurgical des Eaux-Vives, Ars Medica Clinic, Clinica Sant'Anna, Privatklinik Bethanien, Privatklinik Lindberg und Privatklinik Obach), with around 1'000 admitting physicians and 2'000 employees. The Group is listed on the Domestic Standard of the SIX Swiss Exchange (GSMN:SW). For further information, please contact: Séverine Van der Schueren General Secretary, GSMN Tel. +41 22 366 99 87 svanderschueren@gsmn.ch 21.02.2012 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news ---------------------------------------------------------------------------