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Pihlajalinna Oyj: Pihlajalinna Plc:Pihlajalinna Plc specifies the information in the Stock Exchange Release on Friday 5 February

Pihlajalinna Plc Stock Exchange Release 8 February 2016 at 14.45 EET

Pihlajalinna Plc specifies the information in the Stock Exchange Release on
Friday 5 February

The Ministry of Social and Healthcare and the Ministry of Finance told in a
release on Friday the 5 February about the preparation of temporary
legislation to limit municipalities and joint authorities' large investments
such as hospitals buildings or complete outsourcing contracts. Pihlajalinna
Plc announced this with a Stock Exchange release on Friday 5 February at
13.45 EET. Pihlajalinna has tried to clarify the expected main points of the
prepared legislation during the weekend and Monday.

Based on the information published by the ministries Pihlajalinna does not
expect the law to have an effect to company's complete outsourcing contracts
that are in force nor to the optional enlargements of these contracts. In the
ministry's release on Friday 5 February is stated that that the investments
that improve productivity and are otherwise appropriate will be secured. For
example according to the Sykki- study by the National Institute of Health and
Wellbeing Pihlajalinna has been able to create significant savings to the
municipalities when these have outsourced the social and healthcare services
to Pihlajalinna.

Pihlajalinna has discussed with the Ministry of Social and Healthcare about
the legislation preparation and the preparation process and follows closely
its progress. In addition Pihlajalinna's Vice President of the Dental Care
services, Pekka Utriainen will participate in the specialist working group of
the social and healthcare reform. The chairman of the group is
Under-Secretary of State Tuomas Pöysti who is the project lead of the whole
social and healthcare reform.

The temporary legislation can have a possible effect to the complete
outsourcing contracts signed during the temporary legislation and valid after
the actual social and healthcare reform comes to force. The exact nature of
the effects cannot be evaluated before more information about the contents of
the proposed law. Pihlajalinna will continue to monitor the proposed
legislations content and possible effects.

Further information

Mikko Wirén, toimitusjohtaja, Pihlajalinna Oyj, 050 322 0927

Terhi Kivinen, SVP, Communications, Marketing and IR, Pihlajalinna Oyj, +358
40 848 4001,


Nasdaq OMX Helsinki

Key media


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pihlajalinna Oyj via Globenewswire


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