Helsinki-based healthcare services company Terveystalo Oyj agreed to acquire Attendo AB's Finnish healthcare operations.
The transaction has an enterprise value of €233 million in cash. The deal will improve Terveystalo's services to the public sector.
Attendo's Finnish healthcare operations include primary care, specialist care, staffing and dental clinics, generating €235 million in 2017 revenue.
The acquisition is expected to be completed in late 2018, pending approval from the Finnish Competition and Consumer Authority. Terveystalo says the deal is expected to be EPS-accretive from the first full year following completion.
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch is the financial adviser for the deal, while Avance Attorneys Ltd. is the legal adviser.