Korian is pursuing its targeted acquisition strategy (bolt-on) to strengthen its healthcare networks in Tuscany, Lazio and Piedmont, and announced the creation of a business line dedicated to mental health in Italy. Korian Italy acquired last August Gruppo Sage, a regional player specializing in mental health. Gruppo Sage operates 9 facilities in Lazio, all ISO 9001 certified and located in Rome and Viterbo, for a total capacity of 568 beds, of which 254 are dedicated to the treatment of psychiatric pathologies. Korian Italy also acquires the walls of 6 of the facilities. Gruppo Sage, which benefits from an excellent reputation, is the leading private player in mental health in the Lazio region and works closely with the main public hospitals in the region. Revenue of EUR 22.5 million in 2019 should continue to increase by at least 10% by 2023, the opening of additional beds to cover the needs of the territory in terms of mental health. The 9 newly acquired facilities will also operate in close synergy with the consultation and diagnostic centers and the long-term care facilities already operated by Korian Group in the Rome region. This acquisition, and with a capacity of around 600 full hospital beds, Korian is positioned as one of the leading private players in mental health in Italy, like France and Spain, while care needs are growing very rapidly.