Year-end report 2008

Year-end report 2008

Fourth quarter
• Revenues increased by 47% to SEK 133.7 million (90.8)
• The result after tax for the period was SEK -19.9 million (2.0 after
adjustment for one-off costs) (3.3)
• The result per share amounted to SEK -0.24 (0.01)
• The operating result excluding one-off costs amounted to SEK 4.2 million (1.0)
• The operating result (EBITA) for the clinics amounted to SEK 20.9 million
(20.9)

Full year 2008
• Revenues increased by 45% to SEK 400.4 million (276.2)
• The result after tax was SEK -41.6 million (-11.6 after adjustment for one-off
costs) (-12.8)
• Result per share amounted to SEK -0.71 (-0.29).
• The operating result excluding one-off costs amounted to SEK -2.5 million
(-16.8)
• The operating result (EBITA) for the clinics amounted to SEK 51.9 million
(32.9) 

• Global Health Partner entered into a unique partnership in May 2008 in the
ablation field with Södersjukhuset hospital in Stockholm where new treatment
options are being established through an investment in a specialist high volume
clinic.
• Improved cash flow from operating activities despite costs for relisting from
AIM in the UK to NASDAQ OMX Stockholm where the share was listed on 3 October
2008.
• In connection with the listing, a new share issue was implemented amounting to
SEK 74.2 million before issue costs.
• Central cash reserves amounted to SEK 145.3 million at year-end

Significant events after the end of the period
• Three new clinics within Service Line Bariatrics have been started in the UK,
Norway and Egypt.


Comments from Per Båtelson, CEO:
“It is pleasing to be able to note that growth for Global Health Partner during
2008 exceeded our externally communicated target. The underlying profitability
in our business is good and the clinics have in many cases exceeded last year's
results. 

For the fourth quarter, demand for the care services provided by the clinics
remained strong and the ongoing financial crisis and the incipient recession
have not been significantly reflected in a decline in volumes. Despite increased
sales, the overall development of income in the clinics is on a par with the
previous year. Global Health Partner has had considerable costs for projects,
new clinics and one-time expenses during the period. 

On October 3, 2008 Global Health Partner changed its listing and domicile from
AIM in London to NASDAQ OMX Stockholm. The listing and the new share issue that
accompanied it were executed successfully, despite the turbulence on the capital
market.

During the fourth quarter intensive efforts were also underway in preparation
for the launch of a number of new clinics in 2009, mainly within Service Line
Bariatrics, where three new clinics are in the process of being launched and
more clinics are well underway.
Global Health Partner has a strong financial position with a debt-free Parent
Company and a strong cash position. This provides the business with the capacity
to continue its expansion strategy in accordance with set targets. The current
financial crisis, however, provides for a more cautious approach to capital
intensive acquisitions.”

Gothenburg, 20 February 2009

The Board


Queries should be addressed to:
Per Båtelson, CEO, +46-705-95 57 00
Anna Ahlberg, IR, +46-708-55 38 35

Global Health Partner operates specialist clinics that focus on selected
treatment areas (Spine, Dental, Obesity and Orthopaedics) using a business model
unique in the Swedish healthcare sector in which leading physicians become
partners and shareholders. Operating clinics with a high patient volume in a
particular treatment area leads to a higher level of efficiency and quality.
This concept of “Quality through Specialisation” is the foundation for the
clinics and Global Health Partner's operations. Global Health Partner's shares
are traded on the Small Cap list at NASDAQ OMX Stockholm under the abbreviation
“GHP.”

Global Health Partner AB (publ) | www.globalhealthpartner.com
Corp. ID No. 556757-1103 | Östra Hamngatan 26-28 | SE-411 09 Gothenburg | Sweden
Tel +46 (0)31-712 53 00 | Fax +46 (0)31-313 13 21

Global Health Partner AB is required to publish the information herein according
to the Swedish Securities Market Act. This information was published on 20
February 2009 at 8.25 a.m. CET.

This is a translation of the Swedish version of the year-end report. When in
doubt, the Swedish wording prevails.