Sulkava and Rääkkylä Choose Attendo for Combination Contracts

Regulatory News:

The municipality of Sulkava in Finland has chosen Attendo (STO:ATT) as the new provider of all care and healthcare services to its citizens. In a separate decision, Rääkkylä municipality has chosen to extend its current combination contract with Attendo for another four years.

Sulkava municipal board decided at its board meeting on April 25 to award Attendo the combination contract for providing the municipality’s social and health care services. The decision will be effective as soon as the appeal period has passed and the contract has been signed.

"We are delighted about Sulkava’s vote of confidence in Attendo and we are looking forward to bringing our services to all of Sulkava’s citizens”, says Antti Ylikorkala, Business Area Director for Attendo Kuntaturva services (combination contracts) in Finland

Sulkava becomes the seventh municipality to choose Attendo Kuntaturva. The contract is valued at about 11.6 MEUR (106 MSEK) annually, starting January 1st, 2017. The contract is valid for 6 years plus an optional extension for another 4 years.

In a separate decision, the municipality board of Rääkkylä decided to use the option to extend its current combination contract for another four years until end of 2020. Rääkkylä was the first municipality to sign a combination contract with Attendo Kuntaturva already in 2011. The contract is valued at just over 10 MEUR (92 MSEK) in annual revenue.

The main purpose of combination contracts is to secure foreseeable and moderate cost development for the municipalities while guaranteeing all citizens access to high quality care and healthcare services.

Attendo AB (publ)

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Attendo - the leading care and healthcare company in the Nordics

Attendo is the leading private provider of publicly financed care and healthcare services in the Nordic region. The company was founded in 1985 and was first to provide outsourced care for older people in Sweden. In addition to care for older people, Attendo provides care for people with disabilities, individuals and families, and, in Finland, healthcare and dental care. Attendo has 19 000 employees and is locally anchored with 510 operations in more than 200 municipalities in Sweden, Finland, Norway and Denmark. www.attendo.com

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