M&A Deal Summary

Terveystalo Acquires Hoffmanco International Oy

On August 5, 2013, Terveystalo acquired staffing company Hoffmanco International Oy

Acquisition Highlights
  • This is Terveystalo’s 1st transaction in the Staffing sector.
  • This is Terveystalo’s 2nd transaction in Finland.

M&A Deal Summary

Date 2013-08-05
Target Hoffmanco International Oy
Sector Staffing
Buyer(s) Terveystalo
Deal Type Add-on Acquisition

Target

Hoffmanco International Oy

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

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Buyer(S) 1

Buyer

Terveystalo

Helsinki, Finland

Category Company
Founded 2001
Sector Healthcare Services
Employees9,249
Revenue 1.3B EUR (2023)
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 2 of 4
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (Finland) 2 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Medivire Occupational Health Services

Finland

Medivire Occupational Health Services Ltd. evolved from an internal, occupational health service of the state. It was the only nationwide company specialising in occupational health services and was a market leader in terms of both size and advanced operational methods.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 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.

Buy €233M