Korian acquires ITA Mental Health and accelerates its development of mental health activities across Europe

Clariane Group

> Acquisition of third largest mental health platform in Spain
- 39 sites in key locations including Madrid and Valencia
- 27 inpatient clinics with c.900 beds and 12 outpatient clinics with a capacity for 10,000 sessions per month
- Highly reputed company with renowned expertise in the care of eating and mood disorders, with partnerships with leading universities
- Excellent quality of care with very high client satisfaction (70% NPS)
- Expected 2021 revenue c. €50 million and accretive to Group margins
- High embedded growth with an expected CAGR of c.15% in revenue until 2024

> A pan-European mental health platform that will deliver c. € 250m of revenue across France, Spain and Italy in 2022 with c. 10% sustainable organic growth

> Korian’s Spanish platform to represent, including the existing pipeline c. € 130m of revenue in 2022

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