Global Health Partner's interim report for the third quarter of 2009

Nov 3 2009

Global Health Partner AB (publ) (STO:GHP):

Third quarter 2009

• Revenues increased by 30 percent to SEK 93.3 million (72.0)
• The result before tax amounted to SEK -12.7 million (-19.6)
• The result per share amounted to SEK -0.19 (-0.33)
• The operating result amounted to SEK -13.1 million (-18.8)
• Continued strong organic growth of almost 30 percent
• Strong first operative quarter for Arrhythmia Center Stockholm

January-September 2009

• Revenues increased by 32 percent to SEK 352.1 million (266.7)
• The result before tax amounted to SEK -5.3.million (-19.3)
• The result per share amounted to SEK -0.26 (-0.46)
• The operating result amounted to SEK -4.3 million (-14.8)

Comments from Per Båtelson, CEO:
“The third quarter of 2009 has followed the same pattern as previous years, with low demand during the summer months and clinics closed for the summer. Production at the end of the quarter has been high with high demand at our clinics.

Most mature clinics note both improvements in volume and results during the quarter compared with the previous year. At the same time projects and start-up costs for new clinics have increased during the quarter, which resulted in operating results from the clinics at the same level as the previous year.

The market situation in Sweden continues to be good, strengthened by the introduction of a free choice of care in primary care and in parts of specialist hospital care in Stockholm County Council. The conditions for the development of specialist dental care and obesity surgery (Bariatrics) in England have deteriorated, however, due to the economic climate.

Investments in specialist dental care in Leeds have been stopped and restructuring of the Bariatrics business is ongoing in England. This will result in reduced ongoing operating expenses for the business in England. The aim is to focus within Bariatrics on a few priority customers and to postpone major investments until profitability has been achieved for these and the economic climate in England has improved.

During October a Bariatrics business was started in Helsinki, Finland, in collaboration with the private Eira Hospital. The first patients are planned to be treated in November.

Within Service Line Spine a collaboration within reporting of quality data has been initiated with the Schön clinics in Germany who are pioneers in their domestic market.

We see a positive development for the next quarters with good demand at our clinics.”

Gothenburg
3 November 2009
Global Health Partner AB (publ)

Per Båtelson
CEO