Genolier Swiss Medical Network (GSMN) / Preliminary Results/Preliminary Results 26.02.2010 07:31 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Third quarter activities affected by restructuring measures and building works on two clinics. Genolier Swiss Medical Network (GSMN) generated revenues of CHF 139.5 million in 2009, a 9% improvement on 2008 and a 3.6% like-for-like increase. Ongoing restructuring measures impacted on activities at Clinique Valmont and Clinique de Montchoisi in the second half of the year. The Centre medico-chirurgical des Eaux-Vives (CMEV), acquired in March 2009, contributed CHF 6.9 million to Group revenues in 2009. With the acquisition of Privatklinik Bethanien on 1 January 2010, the Group is aiming to realise around CHF 200 million in revenues for the 2010 financial year. Clinique de Genolier and Clinique Générale in Fribourg increased revenue by 6% and 10.5% to CHF 74 million and CHF 27.5 million respectively. Clinique Valmont, which abandoned its cardiology rehabilitation activities for strategic reasons in August 2009, saw a fall in revenues to CHF 13.5 million (CHF 15.5m). Nevertheless, revenues from the neurological and orthopaedic rehabilitation activities that the clinic continues to offer increased sharply. The restructuring is therefore expected to have a positive effect on future profitability. An extension is being built at Clinique de Montchoisi, aimed to house its radiology service and a car park. The works began in July 2009 and caused a 15-day interruption of activities at the clinic. They are due to be completed in October 2010. On completion, Clinique de Montchoisi will be easily accessible to patients and doctors alike, and will also feature state-of-the-art equipments. A restaurant will also be opened for patients and the public, bringing facilities into line with those of the rest of the Group. Privatklinik Bethanien in Zurich, for which an agreement was finalized in November 2009, was consolidated into GSMN on 1 January 2010. Bethanien earned CHF 52.5 million in revenues in 2009 and is expected to contribute approximately 25% of GSMN's projected revenues of CHF 200 million for 2010. Genolier Swiss Medical Network will publish its full results and Annual Report for the 2009 financial year on Thursday 29 April 2010. Genolier Swiss Medical Network AG (GSMN) is the leading private hospital network in French-speaking Switzerland. Its growth strategy is focused on building a national network by acquiring clinics and integrating their operations. GSMN's main goal is to provide premium hospital care to Swiss and foreign patients. GSMN stands out through its high-quality services, brand value, congenial working environment and an experienced and entrepreneurial management team. GSMN currently manages 6 private facilities (Clinique de Genolier, Privatklinik Bethanien, Clinique de Montchoisi, Clinique Valmont, Clinique Générale and Centre medico-chirurgical des Eaux-Vives), with 561 admitting physicians and 781 employees. The Group is listed on the Main Segment of the SIX Swiss Exchange (GSMN.SW). Press Service Delia Panchard Responsable RP & Presse Tél. 022 366 92 87 dpanchard@gsmn.ch 26.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------