Terveystalo Plc Stock Exchange release 17 July 2018 at 09.00 a.m. EEST
Terveystalo Plc (“Terveystalo”) has on 17 May 2018 signed an agreement to acquire the Finnish healthcare operations of Attendo AB (publ) (“Attendo”) (the “Transaction”). The Transaction was announced in Terveystalo’s stock exchange release of 17 May 2018. The completion of the Transaction is subject to the approval by the competition authority.
The Finnish Competition and Consumer Authority (the “FCCA”) has decided to initiate further proceedings concerning the Transaction between Terveystalo and Attendo. Such proceedings are part of the FCCA’s normal operations. The FCCA may approve the Transaction as such, attach conditions to the approval or request the Finnish Market Court to prohibit the Transaction. According to the Finnish Competition Act, further proceedings may not take longer than three months. Terveystalo has taken into account the possibility of further proceedings in the original timetable for the Transaction as set out in its stock exchange release of 17 May 2018. The completion of the Transaction is expected to take place late 2018.
Until the FCCA’s final decision, Terveystalo’s operations and Attendo’s Finnish healthcare operations shall remain as separate undertakings, as before.
Susanna Laine, SVP, Brand, Communications and Marketing, Terveystalo
Tel. +358 50 545 8333
Nasdaq Helsinki Ltd
Terveystalo in brief
Terveystalo is a listed company on the Helsinki Stock Exchange. Terveystalo is the largest healthcare service company in Finland with net sales and network. The company offers versatile primary and secondary health care services for corporate and private customers and the public sector. The nationwide network covers 180 locations across Finland, complemented by 24/7 digital services.
In 2017, Terveystalo had approximately 1.2 million individual customers and approximately 3.3 million doctor visits. Nearly 9,000 healthcare professionals work in Terveystalo, about half of whom are private practitioners. Terveystalo’s services carry the Key Flag symbol and the company is a member of the Association for Finnish Work. www.terveystalo.com
Attendo – the leading care and healthcare company in the Nordics
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. In addition to care for older people, Attendo provides care for people with disabilities, individuals and families, and, in Finland, healthcare and dental care. Attendo has more than 24,000 employees and is locally anchored with over 700 operations in more than 200 municipalities in Sweden, Finland, Norway and Denmark. www.attendo.fi