Pihlajalinna announces the preliminary price range for its planned initial public offering - Seite 2

"The listing will support our growth strategy and further increase the Company's recognition. The IPO would give us the opportunity to continue expanding our operations as a long-term domestic social and healthcare services provider also in the future. I believe that we have good prerequisites to continue the profitable growth, in line with our strategy, to become a leading nationwide social and healthcare service providers, and simultaneously ensure that high quality healthcare services are at the reach of every Finnish citizen also in the future."

Mika Uotila, Chairman of Pihlajalinna's Board of Directors and Managing Director of Sentica Partners:

"We firmly believe in the Company's future, and thus will remain a significant shareholder of the Company also after the listing. The Company's operations are based on an attractive market, high quality services and innovative service provision models, and we believe that the IPO supports the company's target to become a leading nationwide social and healthcare service provider in Finland. We are proud of the Company's success and wish to offer new shareholders of Pihlajalinna the chance to be part of the Company's development going forward."

Background and reasons for the IPO

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, hospitals and care homes around Finland.

The Pihlajalinna Group has experienced strong growth throughout its history, and its goal is to grow profitably into a leading nationwide healthcare and social care operator in Finland. As a part of its growth strategy, the Company aims to grow to become a nationwide provider of private clinic and occupational healthcare services with particular focus on university cities and significant regional centres. In primary healthcare and social care services the goal is to carefully expand and strengthen market share in selected geographical areas. The Company's goal of growing into a leading nationwide healthcare and social operator requires investments in the development of operations.