EQT VI and management to invest in Terveystalo

  • EQT VI and management to invest in the leading Finnish private healthcare provider Terveystalo
  • EQT VI to provide resources and support for implementation of Terveystalo’s growth strategy and continued investments in clinical and service quality
  • Major Finnish institutional investors to become co-owners of Terveystalo through commitments in EQT VI

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.

Contacts:
Åsa Riisberg, Partner at EQT Partners, investment advisor to EQT VI, +46 8 506 55 342
Johan Hähnel, EQT VI Spokesperson, +46 8 506 55 334
Yrjö Närhinen, CEO of Terveystalo +358 30 633 1601

About EQT
EQT is the leading private equity group in Northern Europe with approximately EUR 20 billion in raised capital, portfolio companies with total sales of more than EUR 25 billion and over 550,000 employees. The funds’ investment philosophy is to help acquired companies grow and develop into great and sustainable companies, both under EQT’s ownership and with future owners. The result so far: the over 60 previously or currently owned portfolio companies have during EQT’s ownership seen an average annual increase in the number of employees by 11%, sales by 11% and earnings by 15%. Almost all of the return on investments is attributed to operational improvements such as increased sales and efficiency gains.

EQT supports a growth oriented business strategy, which has its roots in the Nordic culture, and a transparent governance model, combined with access to EQT’s unique international network of industrialists. By implementing clear strategies and having access to operational expertise and ownership skills, the portfolio companies develop and grow. The strategies and implementation of operational excellence are driven by the appointed CEO and management team, board members who are handpicked from EQT’s Industrial Network. Portfolio companies are monitored by more than 120 Investment Advisory Professionals from EQT Partners. EQT’s funds represent the investment of hundreds of investors from all parts of the world.

EQT’s mission since its first investment two decades ago remains the same – create value in medium-sized to large companies in Northern and Eastern Europe, Asia and the US by investing, helping them to develop and transform into great, leading companies.

More information can be found on www.eqt.se

About Terveystalo
Terveystalo is the largest healthcare service company in Finland. Terveystalo's customers include private people, companies and organizations, insurance companies and the public sector. The company offers versatile healthcare, occupational healthcare, medical and examination services in more than 60 towns and nearly 150 offices around Finland.

More information can be found on www.terveystalo.com

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