M&A Deal Summary

Terveystalo Acquires Attendo Group AB - Healthcare Operations

On May 17, 2018, Terveystalo acquired healthcare services company Attendo Group AB - Healthcare Operations from Attendo for 233M EUR

Acquisition Highlights
  • This is Terveystalo’s 2nd transaction in the Healthcare Services sector.
  • This is Terveystalo’s 0th largest (disclosed) transaction.
  • This is Terveystalo’s 3rd transaction in Finland.

M&A Deal Summary
Date 2018-05-17
Target Attendo Group AB - Healthcare Operations
Sector Healthcare Services
Buyer(s) Terveystalo
Sellers(s) Attendo
Deal Type Divestiture
Deal Value 233M EUR

Target

Attendo Group AB - Healthcare Operations

Finland
Attendo Group AB - Healthcare Operations include primary care, specialist care, staffing and dental clinics and have revenue of EUR 235 million and adjusted EBITA margin of 7.5% in 2017. Approximately half of the revenue came from public pay and dental care outsourcings (seven full outsourcings under the "Kuntaturva" brand and 13 outsourced health centers) where Attendo's Finnish healthcare operation is the market leader with high quality and cost-efficient operations. Revenue from staffing operations was EUR 78 million in 2017. The remaining share of revenue is divided in private dental care and occupational healthcare. Approximately 85% of the services provided were publicly funded in 2017. The Finnish healthcare operations' staffing pool of general practitioners, specialists and dentists amounts to approximately 2,600 professionals.

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Buyer(S) 1

Buyer

Terveystalo

Helsinki, Finland
Category Company
Founded 2001
Sector Healthcare Services
Employees9,306
Revenue 986M EUR (2020)
DESCRIPTION

Terveystalo is a private healthcare service provider serving private consumers, companies and organizations, and the public sector. The company offers a wide variety of integrated primary, secondary, occupational health, and diagnostic care services. Terveystalo was founded in 2001 and is based in Helsinki, Finland.

DEAL STATS #
Overall 3 of 4
Sector (Healthcare Services) 2 of 3
Type (Divestiture) 1 of 1
Country (Finland) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 Hoffmanco International Oy

Helsinki, Finland

Hoffmanco International Oy is a privately held company manages risks and costs caused by reduction in staff working ability.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Feelgood Svenska

Stockholm, Sweden

Feelgood Svenska is a provider of healthcare services to businesses and individuals. Feelgood Svenska was founded in 1995 and is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

Attendo

Danderyd, Sweden
Category Company
Founded 1985
Sector Healthcare Services
Employees25,000
Revenue 12.3B SEK (2020)
DESCRIPTION

Attendo offers financed care services for older people in nursing homes and home care. The company's services include care for older people, care for people with disabilities, individual and family care, as well as healthcare. Attendo was formed in 1985 and is based in Danderyd, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Finland) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-31 Mikeva

Vantaa, Finland

Mikeva is a social care service company that provides residential care and rehabilitation services for the elderly, mentally and physically disabled, as well as children and adolescents. Mikeva was formed in 1989 and is based in Vantaa, Finland.

Buy €150M
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