Korian Group: 11.4% revenue growth in Q2 2009

PARIS--(Business Wire)--
Regulatory News:

Korian Group (Paris:KORI), the European dependency care market leader, has
posted Q2 revenue of €213.8 million up 11.4% compared with the same period in
2008. In the current economic environment, this performance highlights the
robustness of the Group`s French operations and signals the continuing expansion
of Italian and German platforms, which now account for a quarter of the
business.

In €m Quarter* Half-year*

Q2 2009 Q2 2008 Δ Q2 09/08 H1 2009 H1 2008 Δ H1 09/08
France 159.4 148.9 7.0% 309.9 295.1 5.0%
% total revenue 75% 78% 75% 78%
EHPAD 103.1 93.7 10.1% 199.3 185.3 7.6%
Healthcare 56.2 55.2 1.8% 110.6 109.8 0.8%

Italy 29.9 21.1 41.6% 56.8 41.2 37.9%
% total revenue 14% 11% 14% 11%
Germany 24.6 21.9 12.2% 47.3 42.5 11.2%
% total revenue 11% 11% 11% 11%

Group total 213.8 191.9 11.4% 414.0 378.8 9.3%

* unaudited figures

According to Rose-Marie Van Lerberghe, Chairman of Korian`s Management
Board,"The growth in revenue in the second quarter confirms the solid
performance recorded throughout the first half and underlines the excellence of
our facilities and teams. The Group recorded a 9.3% increase in operations
during the first half, with organic growth at 9.4%. In early 2008, we decided to
focus our investments into implementing new authorised beds and upgrading our
real estate portfolio, essential in view of the growing medical and professional
requirements of our business. At the same time, we decided to slow down our
external growth, apart from seizing a few opportunities that mainly arose in
Italy. As part of this strategy, we disposed a restricted number of non-core
facilities.

Another achievement in the first half was the success of a €70 million capital
increase designed to improve the Group`s financial flexibility in implementing
its investment plan. This operation increased the holdings of Malakoff Médéric
and MACSF, alongside Prédica, Batipart and ACM. The expansion of our long-term
shareholding structure in this sector should enable us to develop new medical,
welfare and healthcare solutions as part of our dependency care strategy. It
also reinforces the Group`s capacities for its future growth steps.

In 2009, we target a revenue growth of at least 7%."

Next publication date: 14 September 2009, first-half results

About Korian: the Korian Group, founded in 2001, is the European temporary and
permanent dependency care market leader. A private group employing over 14,000
people, Korian has a broad portfolio of activities that dovetail effectively
with one another in France, Italy and Germany.

Its 215 facilities represented a combined total of 19,994 beds at 30 June 2009:

In France, 117 retirement homes (EHPAD), 35 follow-up care and rehabilitation
clinics (SSR), and 12 psychiatric clinics for a combined total of 13,768 beds.

In Europe, 19 facilities in Italy for a total of 2,495 beds and 32 facilities in
Germany for a total of 3,731 beds.

Korian has authorisations to open a further 1,600 new beds in the three
countries where it operates.

The company has been listed on Euronext Paris Eurolist (Compartment B) since
November 2006.

For more information, please visit our website:www.groupe-korian.com

Korian Group
Investor contact:
Alexis Jungels
T: + 33 1 55 37 52 25 - F: + 33 1 55 37 52 66
a.jungels@groupe-korian.com
or
Press contact:
Francis Weill
T: + 33 1 55 37 52 15 - F: + 33 1 55 37 52 16
f.weill@groupe-korian.com

Copyright Business Wire 2009

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