(Alliance News) - Garofalo Health Care Spa announced Tuesday that it has appointed Luca Matrigiani to the board.

Matrigiani will replace Javer de la Rica, who resigned for personal reasons. The new director is on the boards of Fondazione Enasarco and Next Re SIIQ Spa.

GHC Chairman Alessandro Maria Rinaldi said, "The significant development prospects of our group-which operates in a sector crossed by secular trends-have been well understood by investors who have strengthened their position or who have entered the capital for the first time when Peninsula exited after five years. I therefore take this opportunity to thank old and new shareholders, which include Institutional Investors of primary standing, well-structured family offices and for the first time also social security institutions among the most important in Italy, including Fondazione Enasarco."

"At a time when citizens' demand for health and welfare services is growing exponentially, the current shareholding structure positions GHC as unique in Italy; I am convinced that this can only lead to a strong development of the business also for the benefit of social security institutions and their members, the increasingly indispensable "third leg" of the entire Italian health and welfare system."

GHC's stock closed Tuesday up 0.4 percent at EUR4.85 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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