The Board of Directors of the Diagnostic and Therapeutic Centre of Athens HYGEIA and the General Obstetrics, Gynaecological and Paediatrics Clinic MITERA, following long and careful discussions and within the framework of the close collaboration that they have developed, have decided to join forces with an aim toward establishing the largest private Health Services Provider Group of Companies.
As the Board of Directors of HYGEIA has decided, this joint venture shall be effected through an increase in the share capital of HYGEIA and the subsequent exchange of the shares that shall arise from this increase with the shares of MITERA at a ratio of 2.2 shares of HYGEIA to 1 share of MITERA. The shareholders of MITERA who do not wish to contribute their shares may transfer them to HYGEIA. The Board of Directors of MITERA decided today to propose to the Company''s shareholders, during an extraordinary General Meeting that shall be held in May, the acceptance of this proposal.
MITERA shall maintain its legal and administrative independence. The Physicians Shareholders of MITERA shall take part in the Board of Directors and Executive Committee of HYGEIA as members, while the Chairman of MITERA shall also chair the Board of Directors of HYGEIA.
The new Business Scheme that shall be established shall constitute the largest private Health Services Provider Group of Companies in Greece. HYGEIA is the largest private hospital in Greece, it has 370 beds, it treats approximately 120,000 inpatients and outpatients and carries out approximately 870,000 examinations on an annual basis, while it also has 16 operating rooms, where 11,000 operations are carried out. MITERA, together with its subsidiary company LITO, has 535 beds, it treats 33,000 inpatients and 230,000 outpatients and carries out approximately 16,500 deliveries and approximately 1,000,000 examinations on an annual basis.