Terveystalo to acquire Attendo's healthcare operations in Finland

Terveystalo Plc signed an agreement on 17 May 2018 to acquire the Finnish healthcare operations of Attendo AB (publ). If completed, the Transaction brings together two unique, industry leading healthcare companies that complement each other in terms of people, culture and competences.

Attendo's Finnish healthcare operations would gain a strong Finnish owner in the transaction. The operations have an excellent strategic fit with Terveystalo's occupational healthcare and private and public operations and they strengthen and complement the services offered to different customers. The Transaction ensures large and complementary pool of physicians, other healthcare professionals and personnel. The highly complementary Transaction would improve Terveystalo's competitiveness and growth opportunities particularly within services offered to the public sector. The completion of the Transaction is expected to take place late 2018, and is subject to approval by Finnish Competition and Consumer Authority.

Terveystalo has strongly invested in quality and digital platforms. Terveystalo's centralized and scalable services and systems combined with the high quality and cost-efficient services to public sector customers of Attendo's Finnish healthcare operations will provide significant earnings leverage. Based on the 2017 financials, Terveystalo and Attendo's Finnish healthcare operations had combined revenue of EUR 924.4 million, adjusted EBITDA of EUR 112.4 million excluding synergies, adjusted EBITA of EUR 90.5 million excluding synergies and a total number of highly skilled physicians, other healthcare professionals and personnel of over 12,000.

Audiocast on 17 May 2018