Korian Appoints Sophie Boissard as Chief Executive Officer

Regulatory News:

At its meeting today, Korian’s (Paris:KORI) Board of Directors decided unanimously to appoint Sophie Boissard as the Group's Chief Executive Officer to lead the next phase in the Group's growth strategy. Sophie Boissard will take up her position on 26 January 2016.

The Board of Directors removed Yann Coléou as Chief Executive Officer and thanked him for the work accomplished during his term.

The Board of Directors asked its Chairman, Christian Chautard, to fulfil the role of Chief Executive Officer of the Korian group on an interim basis, with immediate effect. When Sophie Boissard joins the Group, governance will return to a Chairman and a separate Chief Executive Officer.

Sophie Boissard (45), who has French and German culture, has been a member of the SNCF group's Executive Committee since 2008. Previously, she held various management positions in the public sector, notably at the State Council, where she specialised in the areas of public health, in particular the tariff structure for post-acute care, social and dependency care.

Sophie Boissard has demonstrated her knowledge in structuring new value-creating business groups, building partnerships and setting up and managing large teams and networks on multiple occasions. She will implement the growth strategy of Korian, European leader in Ageing Well. In particular, her objective will be to strengthen management structures and accelerate the roll-out of new offerings, while focusing the energy and skills of the teams on quality of service for residents and their families.

Christian Chautard, Chairman of Korian's Board of Directors commented: "With the integration of Medica and Curanum and the current acquisition of Casa Reha, Korian has brought off a major step in the growth strategy defined by its Board of Directors. Strengthened by this new dimension, and while maintaining its growth dynamic, the Group will differentiate itself and add to its offering in a booming Ageing Well market. Sophie Boissard's appointment will enable us to enter a new phase in the Korian group's growth."

Korian will hold a conference call on 19 November 2015, at 8:30 am, Paris time.

ABOUT KORIAN

Korian, Europe’s leading Ageing Well specialist, founded in 2003, has the capacity to accommodate some 60,000 residents and patients in Europe (France, Germany, Italy and Belgium) and employs around 40,000 people. The Group manages over 600 facilities in four business lines: long-term care nursing homes, post-acute and rehabilitation care clinics, assisted living facilities and home-care services.

For more information, please visit the website: www.korian.com

Korian is listed on Euronext Paris Compartment A and is included in the following indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small and MSCI Global Small Cap

Euronext ticker: KORI - ISIN: FR0010386334 – Reuters: KORI.PA – Bloomberg: KORI.FP

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