USI was incorporated in Switzerland in 1988 by Dr. Iur. Victor Lanfranconi to purchase post office facilities in the USA. Thereafter, USI acquired 36 nursing and residential care homes, a school and resource centre and an assisted living business in the UK as well as the Etzelgut residential care home in Zurich.

The key milestones in USI’s history are:

1988
USI formed to acquire US post office facilities.

1987/90
146 US post office facilities acquired.

1992
Etzelgut care home is purchased in Zurich by Dr. and Mrs. Lanfranconi.

1997
10 year master lease is executed by the US Postal Service (“USPS”) covering 141 US post office facilities.

1999
The master lease with USPS is extended for a further 13 years.

2001
A new group holding company is formed and USI acquired 11 nursing and residential care homes in the UK which are leased to European Care.

2002
An additional nursing and residential care home is acquired in the UK which is leased to European Care.

2003
Three more nursing and residential care homes are acquired in the UK and leased to European Care.

Dr. and Mrs. Lanfranconi transfer Etzelgut to USI.

2004
USI acquired Wellcare (consisting of 9 nursing and residential care homes, a school and resource centre and an assisted living business in the UK) and 4 separate additional nursing and residential care homes in the UK. All facilities are leased to the European Care Group, an affiliate of European Care.

USI procures an option to acquire a majority interest in Regedo Holdings AG (“Regedo”) with a view to effecting a reverse merger and obtaining access to Regedo’s listing on the SWX.

2004/05
USI Group Holdings Limited issues 1,199,022 USI shares pursuant to a private placement lead managed by Credit Suisse Advisory Partners.
 
2005
The USI Group acquired Hollygarth Care Homes Limited, England (UK) consisting of 8 nursing and residential care homes in the UK which are leased to the European Care Group and effects a reverse merger with Regedo.

2006/2007
The properties of the USI Group are placed in PSP which is listed on the AIM Market of the London Stock Exchange. Seventy-five percent of the shares of PSP are sold to institutional investors with USI retaining 25%.

2007/2008
The USI Group acquired 94.9% of a partnership which owns four buildings in Leipzig, Germany which are leased to the Free State of Saxony. The USI Group also acquired an option to purchase the remaining 5.1% of the partnership.


Source: The Company