2007-09-18 08:00:00 CEST

2007-09-18 08:00:00 CEST


REGULATED INFORMATION

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Suomen Terveystalo Oyj - Company Announcement

Suomen Terveystalo initiates a restructuring plan


Suomen Terveystalo Group achieved significant growth with the acquisition of
Medivire Työterveyspalvelut Oy, which entered into force on September 1, 2007.
Following the acquisition, the Group is now initiating a business restructuring
plan. The aim is to clarify operating procedures, boost the efficiency of the
unit network and reduce overlaps. Support and administrative services will be
simplified to better correspond to the current and future needs of the Group's
extended business operations. 

The restructuring will affect the entire personnel of Suomen Terveystalo Group.
Restructuring will mainly target those working in administrative positions, as
well as in support functions in regional and unit-level organizations. The
entire restructuring process is scheduled to be completed by the end of 2008.
Decisions concerning information systems and other factors may affect the
schedule. 

By eliminating overlaps and restructuring units and functions, the Group
anticipates it will achieve a reduction of some 100 man-years from the current
level by the end of 2008. Some reductions will be achieved through natural
attrition and potential outsourcings. Suomen Terveystalo Group currently
employs more than 2 300 people. 

Due to the restructuring, the Group will initiate statutory negotiations with
the personnel starting in September on a function-specific basis. The goal of
the negotiations is to find opportunities for transfers within the Group. It is
likely that redundancies cannot be avoided. 

Suomen Terveystalo Oyj 
Martti Kiuru 
CEO 

For additional information, please contact: 
Martti Kiuru, Managing Director, 
Suomen Terveystalo Oyj, tel. +358 9 2310 6100

Johanna Karppi, Head of Human Resources, 
Suomen Terveystalo Oyj, tel. +358 9 2310 6100 

Distribution: 
Helsinki Stock Exchange 
Principal media 

Suomen Terveystalo 
Suomen Terveystalo is the leading company producing healthcare services in
Finland. The company offers healthcare, occupational healthcare and hospital
services to private individuals, companies and corporations through more than
150 clinics across Finland. The company, which was founded in 2001, has grown
strongly. In 2006, turnover was EUR 88.9 million and operating profit EUR 5.1
million. The company's stock is listed on the Helsinki Stock Exchange under the
ticker code SUT1V. 
www.terveystalo.com