Milan, April 21 2009 – The Board of Directors of HSS-Holding Sanità e Servizi SpA met today in Milan under the chairmanship of Claudio Stabon to examine the consolidated results of first quarter 2009.
Performance of operations
The HSS group closed the first quarter of 2009 with higher revenues and gross operating margin and positive net result. During the period, the group continued to strengthen its operating subsidiaries an to seek new development opportunities to consolidate its presence in the private healthcare sector
Italy. In April 2009 a residence for the elderly in Ancona was acquired from Orpea Italia. With this de HSS now has over 5,000 beds in operation and has further strengthened its position in the management of residences for the elderly.
Consolidated results
In first quarter 2009 the HSS group reported consolidated revenues of 66.5 million euro, up by 13.6 on the first three months of 2008 (58.5 million), thanks to the development of all areas of the business
The gross operating margin (EBITDA) was 7.5 million euro, up by 5.6% on the first quarter of 2008 (7million). The group’s share of the consolidated net result was a positive 0.1 million euro, compared to 0.4 million euro in the same period of 2008. The change was due to the greater impact of amortization and taxes.
The consolidated net financial debt of the HSS group at March 31 2009 was 161.2 million euro, offset by real estate properties with a carrying value of approximately 120 million euro. The rise from the debt figure of 149.1 million euro at the end of 2008 was due mainly to the change in working capital.
The group had 3,235 employees at March 31 2009 (3,130 at December 31 2008).
Activities of the HSS group
The HSS group, which today manages a total of 5,019 beds, plus more than 380 under construction, is active in three sectors:
– managing residences for the elderly, with 37 facilities under management (3,792 beds in operation and over 330 under construction);
– managing hospitals and rehabilitation centres, with 6 rehabilitation units (in Lombardy, Emilia Romagna, Trentino and Marche), 8 psychiatric rehabilitation communities (in Liguria, Piedmont and Lombardy) and 13 day hospitals, for a total of 1,107 beds in operation and 50 beds under
construction;
– managing a hospital and high tech services in hospitals, with 7 diagnostic imaging units.
This is not a compatible browser.
To continue to navigate on this site, an updated or more recent browser is necessary
Before accessing the contents of this website, please read and accept the legal notice below.
The documentation and information contained in this area of the website are accessible only to persons who are not currently domiciled or located in the United States of America, Australia, Canada, Japan, or in any other jurisdiction other than Italy in which it is required an authorization by the competent regulatory authorities or other fulfillments (such Countries, included the United States of America, Australia, Canada, Japan, jointly the “Other Countries”).
The document and information contained in this area of the website are not, and must not be sent, or in any other way transmitted to or distributed to, directly or indirectly, in the United States of America, Australia, Canada, Japan or any Other Countries.
The documentation and information contained in this area of the website are not, and must not be sent by, or transmitted to or distributed to, directly or indirectly, persons resident or physically present in the United States of America, Australia, Canada, Japan, and do not constitute and cannot be interpreted as an offer to purchase or a solicitation of an offer to sell financial instruments addressed to U.S. Persons - as defined under the U.S. Securities Act of 1933, as amended, or to persons resident in Other Countries. The shares of COFIDE – Gruppo De Benedetti S.p.A. – which will change its company name to “CIR S.p.A. – Compagnie Industriali Riunite” on the effective date of the merger by incorporation with CIR S.p.A. – Compagnie Industriali Riunite - referred to in this area of the website have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration thereunder.
In order to access the information and documents contained in this area of the website I declare under my personal liability: not to be currently a U.S. Person, and not to find me at present in or not to be resident in the United States of America, Australia, Canada, Japan, or in any Other Country, and I have fully understood and accepted the limitations reported above.
The documentation and information contained in this area of the website are accessible only to persons who are not currently domiciled or located in the United States of America, Australia, Canada, Japan, or in any other jurisdiction other than Italy in which it is required an authorization by the competent regulatory authorities or other fulfillments (such Countries, included the United States of America, Australia, Canada, Japan, jointly the “Other Countries”).
The document and information contained in this area of the website are not, and must not be sent, or in any other way transmitted to or distributed to, directly or indirectly, in the United States of America, Australia, Canada, Japan or any Other Countries.
The documentation and information contained in this area of the website are not, and must not be sent by, or transmitted to or distributed to, directly or indirectly, persons resident or physically present in the United States of America, Australia, Canada, Japan, and do not constitute and cannot be interpreted as an offer to purchase or a solicitation of an offer to sell financial instruments addressed to U.S. Persons - as defined under the U.S. Securities Act of 1933, as amended, or to persons resident in Other Countries. The shares of COFIDE – Gruppo De Benedetti S.p.A. – which will change its company name to “CIR S.p.A. – Compagnie Industriali Riunite” on the effective date of the merger by incorporation with CIR S.p.A. – Compagnie Industriali Riunite - referred to in this area of the website have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration thereunder.
In order to access the information and documents contained in this area of the website I declare under my personal liability: not to be currently a U.S. Person, and not to find me at present in or not to be resident in the United States of America, Australia, Canada, Japan, or in any Other Country, and I have fully understood and accepted the limitations reported above.