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CLARIANE: Implementation of the Plan to Strengthen Clariane's Financial Structure - Disposal of the Hospitalisation à Domicile (HAD) Activity in France

PARIS, May 06, 2024--(BUSINESS WIRE)--Regulatory News:

Clariane (Paris:CLARI) (CLARIA.PA - ISIN FR0010386334): the Group announces today that it has received a put option agreement from the Fondation Santé Service and has granted an exclusivity undertaking with a view to selling all its Hospitalisation à Domicile and Services de Soins Infirmiers à Domicile (HAD/SSIAD) activities in France. This agreement follows a bidding process involving several players in the sector.

Recognized as a public utility since 2013, the Fondation Santé Service is the leading French player in home hospitalization (HAD) and takes care of and coordinates within its HAD, SSIAD and PSAD activities more than 2,000 patients of all ages affected of all ages suffering from acute or chronic pathologies, mainly in oncology, palliative care, complex wounds, rehabilitation, perinatal care and geriatrics. In addition to its care services, the Fondation Santé Service has developed a research and innovation activity focused on home care services and HAD.

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The businesses sold by the Clariane Group would represent 8 HAD homes, two of which are located in the Ile-de-France region, and 3 SSIAD agencies. They employ 309 people (full-time equivalent) and generated sales of €46.5 million in 2023.

All of these facilities rely on high-level operational processes that meet the requirements expected in the performance of their missions and the expectations of patients. As such, they meet the highest quality standards set by the French National Authority for Health (Haute Autorité de Santé) and the ISO 9001 quality standards deployed by Clariane.

The transaction is subject to finalisation of the legal documentation and the transfer of administrative authorisations by the relevant health authorities.

The process of informing and consulting the employee representative bodies concerned has been initiated.

All the net proceeds from the sale will be used to pay down the Group's debt.

This transaction is part of the plan announced on 14 November 2023 to strengthen the Group's financial structure, which includes a programme of disposals of operating and property assets, as well as equity partnerships, with expected gross proceeds from disposals of around €1 billion, designed to reduce the Group's debt and financial leverage.

With this transaction, which would come on top of those already completed in March and April in the United Kingdom and the Netherlands, the Group would have completed just over 40% of its total disposal programme.

Warning

This press release does not constitute, and shall not be deemed to constitute, an offer to the public or an offer to purchase or the solicitation of public interest in a transaction by way of public offer, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful absent registration or approval under the securities laws of such state or jurisdiction. The distribution of this document may be subject to specific restrictions in certain countries. Persons in possession of this document are required to inform themselves of and to observe any such local restrictions.

A prospectus relating to the capital increase will be submitted by Clariane S.E. to the Autorité des marchés financiers for approval before the effective launch of the capital increase.

All forward-looking statements included in this document speak only as of the date of this press release. Clariane S.E. undertakes no obligation and assumes no responsibility to update the information contained herein beyond what is required by applicable regulations.

In this press release, unless otherwise indicated, all variations are expressed on an annual basis (2024/2023), and at constant scope of consolidation and exchange rates.

The main alternative performance indicators (APIs), such as "EBITDA", "EBIT", "net debt" or "financial leverage", are defined in the Universal Registration Document available on the company's website at www.clariane.com.

About Clariane

Clariane is the leading European community for care in times of vulnerability. It has operations in six countries: Belgium, France, Germany, Italy, the Netherlands, and Spain.

Relying on their diverse expertise, each year the Group’s 67,000 professionals provide services to over 800,000 patients and residents in three main areas of activity: long-term care nursing home (Korian, Seniors Residencias, Berkley, etc.), healthcare facilities and services (Inicea, Ita, Grupo 5, Lebenswert, etc.), and alternative living solutions (Petits-fils, Les essentiels, Ages et Vie, etc.).I

In June 2023, Clariane became a purpose-driven company and added to its bylaws a new corporate purpose, common to all its activities: "To take care of each person’s humanity in times of vulnerability".

Clariane has been listed on Euronext Paris Section A since November 2006 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: CLARI - ISIN: FR0010386334

View source version on businesswire.com: https://www.businesswire.com/news/home/20240506262843/en/

Contacts

Investors

Stéphane Bisseuil
Head of Investor Relations
+33 (0) 6 58 60 68 69
stephane.bisseuil@clariane.com

Press

Matthieu Desplats
Head of Press Relations
06 58 09 01 61
matthieu.desplats@clariane.com

Julie Mary
Press Officer
06 59 72 50 69
julie.mary@clariane.com

Florian Bachelet
Press Officer
06 79 86 78 23
florian.bachelet@clariane.com