Pihlajalinna Oyj

Regulatory Filings • Oct 23, 2024

Insider information: The Wellbeing Services County of Pirkanmaa proposes to terminate Pihlajalinna's complete outsourcing agreement in Parkano and Kihniö

Pihlajalinna Plc Insider information 23 October 2024 at 3:10 p.m.

Insider information: The Wellbeing Services County of Pirkanmaa proposes to terminate Pihlajalinna's complete outsourcing agreement in Parkano and Kihniö

Today, 23 October 2024, The Wellbeing Services County of Pirkanmaa has published a proposal for the regional board regarding the termination of the outsourcing agreement between Pihlajalinna and Kolmostien Terveys Oy, the joint company of Pihlajalinna and The Wellbeing Services County of Pirkanmaa. According to the proposal, the service contract would expire at the end of the year 2025. The regional board of the Wellbeing Services County will address the matter at its meeting on 28 October 2024.

Pihlajalinna's ownership of Kolmostien Terveys is 96 percent. The joint company has produced social and healthcare services in Parkano and Kihniö since 2016. The annual turnover of Kolmostien Terveys is around EUR 30 million, and adjusted EBITA is estimated to be around EUR 2 million per year.

The Wellbeing Services County of Pirkanmaa proposes to the regional board that The Wellbeing Services County starts preparing a tender for the production of social and healthcare services in North Pirkanmaa, i.e. in Virrat, Ruovesi, Parkano, Kihniö, Mänttä-Vilppula and Juupajoki.

Mäntänvuoren Terveys, which produces social and healthcare services in Mänttä-Vilppula and Juupajoki, is a joint company of Pihlajalinna and The Wellbeing Services County of Pirkanmaa. The service contract of Mäntänvuoren Terveys is valid until 2031.

Pihlajalinna will provide information on the progress of the case in accordance with the decision-making schedule of The Wellbeing Services County of Pirkanmaa.

Pihlajalinna Plc

Further information:

Tuula Lehto, Chief Communications and Sustainability Officer tel. +358 40 588 5343, tuula.lehto@pihlajalinna.fi

Distribution

Nasdaq Helsinki Ltd. Key media investors.pihlajalinna.fi

Pihlajalinna in brief

Pihlajalinna is one of the leading providers of private healthcare and social services in Finland. The Group provides comprehensive and quality private clinic and hospital services as well as occupational healthcare and insurance cooperation services. To the wellbeing services counties Pihlajalinna offers social and healthcare service production models, in which the cooperation between the public and private sectors guarantees effective services for citizens. Appoximately 7,000 employees and 2,200 practitioners work at Pihlajalinna. In 2023, Pihlajalinna's revenue was 720 million euros. Pihlajalinna's shares are listed on Nasdaq Helsinki Oy. Read more www.pihlajalinna.fi.