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Healthcare and the Stock Exchange: San Raffaele towards listing

The San Donato Group, the first Italian private hospital center with a turnover of 1,65 billion and owner of the San Raffaele in Milan, changes its governance – The new strategy provides for the Stock Exchange and the entry of foreign investors.

Healthcare and the Stock Exchange: San Raffaele towards listing

Big maneuvers in the San Donato Group, the first private hospital in Italy, owner of a galaxy of medical centers (44 in all) especially in Milan and Lombardy, including the San Raffaele hospital, the San Donato polyclinic, the Galeazzi Institute in Milan and the Zucchi clinics in the Brianza area. Just a few weeks ago, the holding company which employs 5.361 doctors, treats 4,7 million patients a year and invoice 1,65 billion, has completely renewed the top management, with the step back of the president Paolo Rotelli, nephew of the founder Luigi, to make room for highly experienced managers: a move that according to the rumors collected by FIRSTonline would be the prelude to the group's willingness to make the big leap which would lead to listing on the Stock Exchange.

The young Paolo Rotelli, eldest son of Giuseppe Rotelli, who died in 2013 after 33 years at the helm of the group founded in 1957 by his father Luigi, has left the presidency to Angelino Alfano, former Minister of Justice, Interior and Foreign Affairs. But it is above all the new appointments in management that give us a glimpse of a turning point which could also lead to the entry of new investors, perhaps from abroad, in a deal that so far has been entirely owned by the Rotelli family: in fact, the former CEO of Unicredit Federico Ghizzoni, current president of Rothschild Italia, enters; the former McKinsey Vittorio Terzi, founder of the consulting firm Terzi&Partners; the former director general of the Revenue Agency, Ernesto Maria Ruffini; the former president and CEO of Ntv-Italo, Andrea Faragalli Zenobi.

"The renewal of some administrative bodies - explained a press release from the GSD group - has the objective of bringing highly qualified and motivated figures into corporate governance to undertake future challenges". And so, while the chairmanship of San Raffaele (taken over and saved from bankruptcy in 2012) is confirmed by the former CEO of Intesa Sanpaolo Enrico Cucchiani, Ghizzoni joins the Board of Directors of the San Donato Hospital, leader of the group, Faragalli Zenobi on the Boards of the Galeazzi Orthopedic Institute (destined to resurrect the Mind, the former Expo area, and whose presidency will no longer be the former number one of Eni Roberto Poli) and GSD Sistemi e Servizi, third parties on the Board of San Raffaele, while Ruffini is the chairman of GSD Sistemi e Servizi.

“After my father's death, I felt compelled to take over the reins of the group to give a strong signal of continuity and unity - said Paolo Rotelli - but today, in order to continue growing, it is essential to combine skills that are different from ours. We have to face the growing complexities of the system in our country and we must open up to the international market: these are the challenges that await us. I have faith in myself and in the people who have supported me for years and I thank the professionals who have chosen to join us and share this journey". A path that prepares for the next big step: listing on the Stock Exchange.

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