We are a leading private hospital group in France. Founded in 1991, we operate 35 strategically-located private hospitals focused on medicine, surgery and obstetrics (which we refer to as the ‘‘MSO’’ segment). In addition, we have six radiology centers, four kidney treatment centers, four home care clinics and eight rehabilitation centers, all of which support our hospitals. In total, our 60 facilities comprise approximately 6,600 beds and treat approximately 1,100,000 patients each year (including emergency venues). We work with approximately 2,500 physicians and employ approximately 9,000 healthcare and administrative personnel on a full-time basis. Our hospitals are located across France, with a strategic focus on ten core regions that accounted for approximately 80% of our revenue in 2012.

Our strategy is to focus on highly specialized and complex life-critical medical treatments, as they offer value adding potential through associated services and are generally favored by French social security.

We are able to attract amongst the best physicians as a result of the reputation of our hospitals, the quality of our facilities, our ability and willingness to invest in leading technologies and our strong relationships in the medical community. A number of MédiPôle Partenaires are ranked among the best in France for certain specialties, such as Saint Augustin for prostate cancer and cardiac surgery, Saint Martin for hand surgery and spine surgery, IOS for cataract surgery, Le Parc for knee prosthesis and Saint Pierre, Saint-Roch, Claude Bernard and Pôle Santé République being named among the top 50 private hospitals in France by the French news magazine Le Point in its most recent hospital rankings. Our significant investment in technology also contributes to our strong reputation. Many of our hospitals are able to provide post-acute care and related treatments, such as intensive care, dialysis and radiology that support our principal practice. This capacity to present an integrated offer for medical care is appealing to both physicians and patients.