Potential business combination between Norlandia Health & Care Group AS and Brado AB

18 Nov 2022 08:00 CET

Norlandia Health & Care Group AS (“NHC”, “The Company”) has for a long period
been considering a potential business combination with Frösunda and its parent
company Brado AB (together “Frösunda”). Hospitality Invest AS and NHC has today
decided to formally initiate a process to evaluate alternative routes to a
potential transaction in combination with the refinancing of the outstanding
bond loan in Brado AB. Such a transaction would be in line with the previously
communicated plan to combine the two groups to create a leading Nordic and
North-European private health and care provider. The two companies already
benefit from several synergies through integration of certain services; however,
a full combination would allow the combined group to unlock further synergies,
including operational, quality and financial.

The current expectation is that Frösunda will be included in Hospitality Invest
and that NHC will be the ultimate acquiring party of Frösunda. NHC and
Hospitality Invest have several alternatives for financing such transaction. An
acquisition by NHC is expected to result in a significant equity contribution in
both Hospitality Invest AS and NHC, volume subject to pricing of the
acquisition. The financing may also involve a tap issue under NHC’s existing
bond as one source of capital.

The Company will revert with further information when relevant.

For further information, please contact:
Yngvar Tov Herbjørnssønn (CEO): +47 91 83 71 89
Roger Larsen (CFO): +47 90 63 73 29

More information:
Access the news on Oslo Bors NewsWeb site

576126_NHC OSE notice.pdf