Interim report January-September 2010: Continued strong increase in operating result

Interim report January-September 2010: Continued strong increase in
operating result

THIRD QUARTER 2010

  · Revenues increased by 17 percent to SEK 108.8 million (93.3)
  · The operating result amounted to  SEK -4.1 million (-13.1)
  · The result before tax amounted to SEK -4.8 million (-12.7)
  · The result after tax amounted to SEK -5.0 million (-12.0)
  · The result per share amounted to SEK -0.07 (-0.19)
  · Organic growth of 15 percent
  · Newly opened obesity clinics in Denmark
  · Newly opened orthopaedic and gastroenterologic business in Lund
  · Arrhythmia new Service Line

JANUARY - SEPTEMBER 2010

  · Revenues increased by 16 percent to SEK 407.9 million (352.1)
  · The operating result amounted to SEK 15.9 million (-4.3)
  · The result before tax amounted to SEK 16.5 million (-5.3)
  · The result after tax amounted to SEK 7.5 million (-9.9)
  · The result per share amounted to SEK 0.01 (-0.26)
  · Organic growth of 15 percent

THE CEO'S COMMENTS
The market situation for the existing Swedish clinics is stable,
primarily with regard to the outcome of the Swedish Parliamentary
elections that resulted in that very few changes are expected in the
Swedish County Councils. Continued focus on patient rights, patient
safety and transparency in the follow-up of quality in Swedish
healthcare favour Global Health Partner's business model and ensure that
it will be possible to further profile and market our high quality and
cost-effective services.

After a period of turbulence in the Danish hospital service, the
situation has now stabilised. We have had a good start for our two
Bariatric Centers, which perform obesity operations in Copenhagen and
Odense. In Norway the market situation is unfavourable and the volume
inflow for spine surgery at the Bergen clinic is unsatisfactory. On the
other hand, the demand for obesity operations continues to increase. In
other markets the situation is stable and the current clinics are
performing in line with our plans, with the exception of a somewhat
slower development of volumes for the Bariatric clinic in Prague.

The third quarter is the weakest quarter of the year due to the holiday
period in July and August. Compared with the previous year the overall
result from the clinics is considerably better. The central development
costs continue to be under control, which contributes to a favourable
development of the results for the Group as a whole.

During the period two new clinics within the Bariatrics area were
started in Denmark. Just after the end of the period, we also acquired
the majority of the shares in Stockholm Gastro Center, a business with a
very good reputation in the field of medical and surgical
gastroenterology including endoscopy, next to our Bariatric clinic at
Sophiahemmet. This clinic complements what we have to offer in the
gastro area and will contribute with synergies in both the business and
the premises. Furthermore, we have started up both gastroenterology and
orthopaedics in our clinic in Skåne during the period as a complement to
the Bariatrics business. This is one further example of the improvement
and expansion that we carry out in the existing clinics.

We see continued good demand in our clinics in the very near future. We
will also in time further strengthen our positions in the market, based
on the very good medical results that are achieved in our clinics and
which amongst other things are documented in the Swedish quality
register.

2 November 2010
Gothenburg
Global Health Partner AB (publ)

Per Båtelson
CEO

Queries should be addressed to:
Per Båtelson, CEO, phone +46 705 95 57 00
Tobias Linebäck, CFO +46 708 55 37 19
Anna Ahlberg, Head of Investor Relations, phone +46 708 55 38 35