6th largest private hospital group in France

Press release, Marseille, 24/07/2015

The Almaviva Santé Group changes dimension by merging with Clinique Arago and the private hospital group Domus Cliniques

DV France, Gimv, UI Gestion and the practitioners at Clinique Arago in Paris are combining their activities within the Almaviva Santé entity to form a Group of clinics centred around centres of excellence. With this merger, Almaviva Santé becomes the ^leading private healthcare provider in the Provence-Alpes-Côte d'Azur region, expanding its presence in the Paris region and reinforcing its commitment to medical excellence. The range of healthcare services has been expanded, enabling the Group to become the leading private hospital provider in the region. More broadly, it is now the ^6th largest private hospital group in France (with 22 establishments).

Under the leadership of its Chairman, Bruno Marie, who founded it in 2007, Almaviva Santé is driving forward a dynamic based on the quality of the care it offers. In practical terms, this means setting up centres of excellence. Orthopaedics is one example of the implementation of this strategy: all the Group's establishments, and in particular the Clinique Juge in Marseille, offer very high quality care in this discipline. Medical excellence in this speciality will be further enhanced by the Domus Cliniques Group, particularly the Oxford clinic in Cannes, which is part of the same approach, and by the Arago clinic, one of the national benchmarks for orthopaedic surgery, which completes the system in the Paris region. Another example is the creation of a state-of-the-art ophthalmology centre at the Clinique Juge in Marseille.

Geographical complementarity

This merger also symbolises a geographical fit for the three players. It intensifies Almaviva Santé's presence in its two key regions:

• In Provence-Alpes-Côte d'Azur, with 14 establishments, Almaviva Santé becomes the leading private hospital group, by combining the 7 structures of Domus Cliniques and those of Almaviva Santé .
• In the Ile-de-France region, the Group's local presence has been strengthened by the merger of 8 establishments: 5 for Domus Cliniques, the Clinique Arago and 2 for Almaviva Santé. This is a further step in the development of a second regional hub, which Almaviva Santé began in early 2015 with the acquisition of Hôpital Privé d'Evry. This latest transaction confirms the Group's ambition to become a major healthcare player in the Ile-de-France region.

A merger guided bysharedvalues

The merger of Domus Cliniques and Clinique Arago with the Almaviva Santé Group is based on a shared vision of the business of private healthcare professionals.

For the three entities, constant improvement inthe quality of patient care and ongoing dialogue with care teams are the cornerstones of their ambitions ; they also guide their actions, particularly in terms of investment.

This project is also underpinned by the experience, dynamism and entrepreneurial commitment of the people behind it: Bruno Marie, who founded Almaviva Santé in 2007, will continue to chair the Group. Yves Journel, founder of Domus Vi, a major group in the nursing home sector and DV France's main shareholder, will also contribute his experience and expertise in the medical field and will chair the Strategic Development Committee. Dr Philippe Lapresle, Chairman of Clinique Arago, will also become a member of the strategic committee.

This synergy reflects the determination of the shareholders to promote a dynamic policy of organic development for each of the establishments, as well as to undertake local external growth operations.

The merger involves DV France contributing its Domus Cliniques Group, which generated sales of €86m in 2014, and the Clinique Arago practitioners contributing sales of €10m in 2014, which, added to Almaviva Santé's 2014 sales of €121m, brings the new Group's sales to €217m.

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About Almaviva Santé

Created in 2007, Almaviva Santé now represents :

• 2,065 beds and places
• Turnover ofalmost €220m
• 22 establishments in 2 regions: PACA and Ile-de-France
• Bruno Marie, the Group's founder, is Chairman of Almaviva Santé, whose shareholders are Gimv, UI Gestion, DV France, the Clinique Arago practitioners and management.

Almaviva Santé sites: Cliniques Chantecler and Juge in Marseille, Clinique de Vitrolles,Clinique Générale in Marignane, Clinique Chirurgicale in Martigues, Clinique Axium in Aix-en-Provence, Clinique Toutes Aures in Manosque, Clinique de l'Essonne in Evry and the Champs Elysées Functional Rehabilitation Centre in Evry.

Domus Cliniques establishments : Polyclinique Oxford in Cannes, Clinique le Méridien in Cannes-la-Bocca, Clinique du Palais in Grasse, Clinique Wilson in Antibes, Clinique les Magnolias in Saint Laurent du Var, Clinique du Parc Impérial in Nice, Clinique Jean Giono in Manosque, Clinique la Boissière in Nogent le Phaye, Clinique des Jardins de Brunoy in Brunoy, Clinique Pasteur in Ris Orangis, Centre de Radiothérapie in Ris-Orangis, Clinique Sainte-Thérèse, a major maternity hospital in western Paris.

Founded in 1910, the Clinique Arago hasspecialised exclusively inorthopaedic surgeryfor the past 30 years. This approach has enabled it to develop and modernise in order to offer patients the best possible care. Based since 2015 in new premises on thesite of the Saint-Josephhospital , the Clinique Arago performs more than 2,700 operations every year.

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About DV France

Founded by Yves Journel, who is the main shareholder (78%) alongside MACIF (19%), DV France is a long-standing operator in the health and medico-social sectors, and the originator of the Domus Vi group (€860m turnover in 2015), in which it still holds a 28% stake. DV France also owns Sedna, Quebec's leading private healthcare and medico-social operator, as well as a number of dedicated real estate companies and other holdings.

With the contribution of Domus Cliniques, DV France will hold 35% of the Almaviva Santé holding company.

Through its presence in all areas of institutional and home care, DV France brings together a unique range of business expertise to help patients and frail elderly people improve their care.

About UI Gestion

Since 1967, the UI brand has embodied a partnership with businesses. Created within the Crédit Agricole Group, UI Gestion became an independent asset management company in 2004. It is approved by the AMF and currently has around €500m under management on behalf of leading institutional investors, including Crédit Agricole Assurances, Bpifrance, Ardian, Macif and Caisses d'Epargne.

UI Gestion has developed a centre of expertise in the healthcare sector, which has been strengthened by the creation of Cap Santé, an FPCI set up at the initiative of Crédit Agricole Assurances, which invests in companies (nursing homes, care establishments, medical devices, laboratories and related services) generally valued at more than €100m, in order to support their transfer or development projects. This vehicle has invested in

• Domidep one of France's leaders in dependency care (EHPAD);
• GBNA GBNA: a leading private hospital provider in the Aquitaine region;
• Almaviva Santé leader in private hospitalisation in the PACA region.

About Gimv

Gimv is a European investment company with more than three decades of experience in private equity and venture capital. The company is listed on Euronext Brussel and currently manages around EUR 1.8 billion (including investment partnerships) in 50 portfolio companies.

Within the framework of specific investment platforms, Gimv identifies dynamic and innovative companies with strong growth potential and helps them to become leaders in their respective markets. These four investment platforms are : Consumer 2020, Health & Care, Smart Industries and Sustainable Cities. Each platform works with a specialised and experienced team covering all of Gimv's home markets (Benelux, France and Germany). In addition, they can rely on an extensive international network of experts.

More information about Gimv can be found at www.gimv.com.

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• Almaviva Santé: Bruno Marie, Yann Arcens, Carine Moulay
• DV France: Yves Journel, Sandrine Avelange
• Clinique Arago: Philippe Lapresle, Amélie Gelis
• UI Gestion: Olivier Jarrousse, Sébastien Alauzet
• Gimv: Bart Diels, Christophe Van Vaeck, Audrey Van den Bergh
• Financial advisors: DC Advisory (Nicolas Durieux, Frederic Meyer, Claire Charlotte Leclerc), Meunier et Associés (Gérard Meunier, Pierre Sanna)
• Legal counsel: Hoche (Jean Luc Blein, Marie Peyrega) - CMS (Arnaud Hugot, Thomas Hains) - Archers (Bruno Solle)
• Financial due diligence: E&Y (Laurent Majubert, Chloe Launois)