FOCUS ELSAN Ardian backs France’s top private health services group Alexandre Motte, Thierry Chiche, Head of Ardian CEO of Elsan Co-Investment Co-Investment team becomes strategic investorand provide essential services, which means it is in the leading national hospital platform that essentialthat our shareholders have the same treats more than two million people a year values that we do. We also need investors that can match our appetite for growth. It was clear that Thierry Chiche: We are the largest truly nationalArdian could give us the direct support we wanted private hospital group in France – we have morebut we also appreciated the maturity and than 120 hospitals that treat around 2 millionexperience of Ardian’s teams in a club deal like patients a year.But Elsan is not like any otherthis one. They will play an important role in the company. Our business is to take care of peoplegovernance of the company. 86 INVESTMENT ACTIVITIES