Report 10/2019

The Management Board of EMC Instytut Medyczny SA (the ‘Company’) announces that today it has decided to start reorganizing a medical facility within the structure of Instytut Medyczny SA- Saint George’s Hospital in Kamień Pomorski (the ‘Hospital’)

The reason for reorganising the hospital is care for patients’ safety. The estimated cost of implementing the adjustment program in accordance with the recommendations of the sanitary supervision authorities for the Hospital is PLN 3 710 thousand.

According to the Management Board, the scale of necessary expenditures means that it is economically impossible to implement the above-mentioned program in the area of the Operating Theatre, which in these circumstances makes it impossible to continue the functioning of the Department of General Surgery.

Inability to introduce these programs may have a direct impact on the patients’ safety in this Department. In relation to the above, the Management Board of the Company has decided to start the process aiming at closing the General Surgery Department at St. George’s Hospital in Kamień Pomorski.

The revenue in St. George’s Hospital in Kamień Pomorski from the implementing of medical procedures amounts to as follows:

1. The Department of General Surgery

a) For 2017 = PLN 2 500 thousand

b) In the period 01/01/2018 to 30/09/2018 = PLN 1 809 thousand

The income regarding medical activity in St. George’s Hospital  in Kamień Pomorski, taking into account indirect costs in the area amounted to as follows:

1. The Department of General Surgery:

a) For 2017 = PLN -261 thousand

b) In the period 01/01/2018 to 30/09/2018 = PLN -593 thousand

The Company shall announce any further important decisions made concerning the aforementioned process in its oncoming current reports.