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M&A Activity • Feb 21, 2012

News Details

Ad-hoc | 21 February 2012 18:00

Genolier Swiss Medical Network takes over Clinique Spontini in Paris – Clinique Spontini, specialized in cosmetic surgery, will be the flagship in Paris of the group of Swiss clinics

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

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