Korian Closes the Acquisition of Casa Reha and the Financing of the Operation

PARIS--()--Regulatory News:

Korian (Paris:KORI), European leader of Ageing Well, closes today the acquisition of Casa Reha GmbH, further to the agreement announced on 10 November 2015. The acquisition of Casa Reha, the third operator of long-term care nursing homes in Germany, allows Korian to strengthen its number one position in one of the leading and most dynamic European ageing markets. With this acquisition, Korian optimizes its coverage of the German market with more than 27,500 beds and a revenue of about Euro 780 million. Casa Reha is to be consolidated starting from 1st January 2016.

The acquisition has been financed with the Group’s available cash, strengthened on 15 December 2015 by the issue of a Euro 185.5 million Schuldscheindarlehen (private placement under German law). The average maturity is 6.1 years and the final yield is between 2 and 2.5 % depending on maturities. Initially planned at Euro 125 million, the Schuldschein has been increased to Euro 185.5 million to answer the high demand of European and Asian institutional investors. After the positive outcome, in July 2015, of the Euro Private Placement, the success of this operation demonstrates the continuous interest of investors for Korian’s economic model.

Christian Chautard, Chairman and CEO of Korian, stated: “The acquisition of Casa Reha marks an important step in the history of Korian in Germany. This new group has quality assets, an expanded coverage of the German geography and a strengthened portfolio of projects. In parallel, the deep interest of investors for our businesses and our strategy ensured the successful financing of the operation. So strengthened, Korian will continue to innovate, to diversify its offer to the benefit of Ageing Well and will pursue its growth strategy, in agreement with options defined by the Board of Directors.”

ABOUT KORIAN

Korian, Europe’s leading Ageing Well specialist, founded in 2003, has the capacity to accommodate some 70,000 residents and patients in Europe (France, Germany, Italy and Belgium) and employs around 45,000 people. The Group manages almost 700 facilities in four business lines: nursing homes, post-acute and rehabilitation clinics, assisted living facilities and home-care services.

For more information, please visit the website: www.korian.com

Korian is listed on Euronext Paris Compartment A and is included in the following indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small and MSCI Global Small Cap

Euronext ticker: KORI - ISIN: FR0010386334 – Reuters: KORI.PA – Bloomberg: KORI.FP

Contacts

Korian
INVESTORS
Didier Laurens, +33 (0)1 55 37 53 55
Investor Relations Director
didier.laurens@korian.com
or
PRESS
Claire Vaas, +33 (0)1 55 37 53 11
Media Relations Manager
claire.vaas@korian.com

Contacts

Korian
INVESTORS
Didier Laurens, +33 (0)1 55 37 53 55
Investor Relations Director
didier.laurens@korian.com
or
PRESS
Claire Vaas, +33 (0)1 55 37 53 11
Media Relations Manager
claire.vaas@korian.com