EQT VI and management have signed an agreement to acquire Terveystalo from Bridgepoint.
Terveystalo is the leading private healthcare service provider in Finland, serving private consumers, companies and organizations, insurance companies and the public sector. The company offers a wide variety of integrated primary, secondary, occupational health and diagnostic care services through a nationwide network of 18 hospitals and 141 clinics. Terveystalo is headquartered in Helsinki and employs 6,300 healthcare professionals. In 2012, Terveystalo generated gross sales of EUR 455 million and an EBITDA of EUR 52.4 million.
“Terveystalo is not only the leader in healthcare services in Finland in terms of size but also in terms of clinical and service quality as well as technological expertise in healthcare. Working together with Terveystalo’s management, there are excellent opportunities to enhance well-being and productivity in Finnish corporations, offer high-quality services to private consumers and partner with the public sector in solving availability issues. EQT VI is highly committed to support the continued growth of Terveystalo and, having long experience from the sector, understands the importance of ensuring best-in-class clinical and service quality”, says Åsa Riisberg, Partner at EQT Partners, investment advisor to EQT VI.
“We are excited about this next stage in our development. With its long-standing presence and commitment to Finland, significant sector expertise as well as industrial and responsible ownership approach, EQT VI will be an optimal partner for us”, says Terveystalo CEO Yrjö Närhinen.
The transaction is subject to approval of the European competition authority and is expected to be completed in the fourth quarter of 2013.
Read the press release: www.eqt.se
