The Diagnostic and Therapeutic Centre of Athens - HYGEIA Societe Anonyme (hereinafter the Company) hereby informs its shareholders and investors, pursuant to article 281 of the Regulation of the Athens Stock Exchange, that the Board of Directors of MITERA S.A., in which the company has a holding of 24.84%, issued the following Press Release:
The Board of Directors of MITERA S.A. announces the successful acquisition of the controlling shareholding in LITO HOLDINGS S.A..
Specifically, MITERA S.A., which has had a strategic holding of 34% in LITO Maternity, Gynaecological and Surgical Centre Societe Anonyme'' since 2000, purchased the controlling shareholding in LITO HOLDINGS and, as a result thereof, it presently holds 86% of the shares and voting rights of LITO S.A.
LITO is the oldest maternity and gynaecological clinic in Greece, with 120 beds, providing services for 37 years, and is an innovator in matters concerning the provision of quality health services. LlTO employs approximately 270 persons, paramedical and administrative staff, while it collaborates with more than 300 physicians highly-experienced in their fields, obstetricians-gynaecologists and other specialised persons.
The newly-created MITERA-LITO alliance represents more than 16,000 deliveries annually, concurrently offering integrated diagnostic and care services of a general and paediatric clinic in two independent state-of-the-art clinics in the Prefecture of Attiki, with a total capacity of 500 beds.
The synergies that will arise from this collaboration are expected to yield considerable additional gains for this new business scheme, whereas:
1. it will increase its market share in Greece''s health sector, representing more than 50% of all maternity services provided in the Prefecture of Attiki,
2. it will create ideal conditions for all associate physicians, thus enabling it to provide high-quality medical services to its patients,
3. it will create prospects for dynamic growth, based on the same principles that helped the two clinics become leaders in the sector of private health in Greece, namely the provision of high-quality medical and care services with medically-oriented management based on modern technocratic principles of management.