Getinge's Board of Directors Proposes a Distribution of the Patient & Post-Acute Care Business Area to Getinge's Shareholders

GOTHENBURG, Sweden, Nov. 10, 2017

"The Board of Directors believes the proposal to split the Group into two separate listed companies, Getinge and Arjo, will enhance the prerequisites to successfully develop the respective businesses which will increase the value for customers as well as shareholders," says Carl Bennet, the principal owner and chairman of the Board of Directors of Getinge.

On October 18, 2016 Getinge announced that the company had completed a strategic review to clarify its long-term strategy in order to ensure continued sustainable and profitable growth. As a result of this review, the Board of Directors announced its intention that the business area PPAC and the related area Flusher Disinfection, collectively named Arjo, should be distributed to Getinge's shareholders. The preparation of the distribution and listing of Arjo has continued with high activity during 2017. The Board of Directors of Getinge has today decided to propose an Extraordinary General Meeting on December 4, 2017, to decide on distributing all shares in Arjo to the shareholders of Getinge. The record date for the distribution is proposed to be December 8, 2017. Provided that the shareholders resolves in accordance with the proposal, the first day of trading in Arjo's shares of series B on Nasdaq Stockholm is expected to be December 12, 2017.

"I am looking forward to an exciting and successful future for Arjo", says Joacim Lindoff, President and CEO of Arjo. "Arjo operates in a market with stable and growing demand, where I see opportunities for us to regain a market-leading position within long-term care while at the same time maintaining our strong market positions within acute care," concludes Joacim Lindoff.

About Arjo

Arjo is a global supplier of medical devices, services and solutions that improves the lives of people affected by reduced mobility and age-related health challenges. In 2016, Arjo's sales amounted to SEK 7,808 M and the company was present in more than 60 countries. Going forward, Arjo will focus on creating value in a market characterized by high growth opportunities, due to e.g. demographic changes with a rising number of elderly and those suffering from illness as well as an increase in lifestyle-related diseases. The goal for Arjo is to contribute to a more efficient healthcare system by becoming a market leader in long-term care, while maintaining the company's strong market positions in acute care – within the segments in which the company operates. For this purpose, Arjo has developed a business plan called Arjo 2020. The business plan is based on a number of focus areas with activities to create increased value for Arjo's customers, strengthen the company's commercial focus and increase operational agility. In order to realize Arjo's strategy and achieve its goals the company will aim for a business with strong fundamentals and whose work environment and business relationships are characterized by Arjo's core values: Passion, Collaboration, Openness, Excellence and Ownership.

As previously announced, the CEO of Arjo is Joacim Lindoff. Joacim Lindoff has a long experience from Getinge, most recently as acting CEO of the Getinge Group from August 2016 to March 2017, and prior to that as Executive Vice President for the business area Surgical Workflows. Johan Malmquist, who previously served as President and CEO of Getinge between 1997 and 2015, has been appointed chairman of the Board of Directors in Arjo. The Board of Directors also consist of Carl Bennet, Ulf Grunander, Eva Elmstedt, Carola Lemne, Joacim Lindoff and four employee representatives.