Avance advises Terveystalo Plc in the acquisition of the Finnish healthcare operations of Attendo AB (publ). The transaction – one of the biggest healthcare transactions in Finland – brings together two unique, industry leading healthcare companies that complement each other in terms of people, culture and competences.
The completion of the transaction is expected to take place late 2018, and is subject to approval by the Finnish Competition and Consumer Authority. The enterprise value of the transaction is reported at EUR 233 million on a cash and debt free basis.
Terveystalo is a listed company on the Helsinki Stock Exchange. Terveystalo is the largest healthcare service company in Finland based on net sales and network. The company offers versatile primary and secondary health care services for corporate and private customers and the public sector.
Attendo is the leading private provider of publicly financed care and healthcare services in the Nordic region. The company was founded in 1985 and was first to provide outsourced care for older people in Sweden. Attendo’s Finnish healthcare operations include primary care, specialist care, staffing and dental clinics and have revenue of EUR 235 million.