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Capio to acquire Swedish primary care provider

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Capio to acquire Swedish primary care provider

Capio AB agreed to fully acquire Novakliniken, which operates primary care centers Sweden's Skåne region.

Novakliniken posted net sales of 245 million Swedish kroner in 2017, and was valued at 88 million kroner under the transaction.

Capio said Novakliniken's eight primary care units and two branches will complement and strengthen its existing presence in the region. The healthcare services provider will own 28 centers in Skåne following the acquisition.

The transaction is expected to close by April and remains subject to regulatory approval.

As of Feb. 23, US$1 was equivalent to 8.17 Swedish kroner.