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Capio acquires Carema’s Health Care operations

Nov 13, 2012

Carema streamlines and focuses on care - Capio acquires Carema's Health Care operations

Ambea - owner of Carema Group with a core business of running care homes - and Capio have signed an agreement to transfer Ambea´s Swedish healthcare operations Carema Healthcare to Capio. It includes 35 primary care centers and a number of specialist businesses around Sweden, with total sales of around 1, 700 MSEK.

"Today's agreement means that Carema streamlines operations to care. Being the largest private care provider in Sweden, we can now focus on providing high-quality care together with all of our dedicated employees, thereby enhancing confidence for private care in Sweden. Swedish care faces huge challenges in the next decade that will require large investments. The sale of Carema Healthcare ensures a higher rate of investment in both existing and new care homes and we expect to launch at least 10 new care homes a year", says Fredrik Gren, CEO Ambea Group.

"Capio wants to continue being a leader in Swedish health care through high quality and remaining at the forefront by introducing better and less invasive therapies - modern medicine. Together with Carema Healthcare employees, we will now be able to offer good primary care to twice the number of listed patients, and we reinforce our specialist offerings particularly in orthopedics and psychiatry. An increasing number of counties open up for care choice in more specialties and today's acquisition provide new opportunities to offer Capio as an option for more patients," says Thomas Berglund, CEO Capio.

Facts about the deal:
• Carema Healthcare operates 35 primary care centers and a number of specialist care operations around Sweden. The business has about 325,000 listed patients at its clinics and welcoming annually a total of 650,000 patient visits. Carema Healthcare has approximately 1,400 employees with forecasted sales in 2012 of roughly 1,700 MSEK.

• Following today's agreement Carema will completely focus on managing long-term care business with over 415 care homes and home service units throughout Sweden. A total of about 7,000 people live in units run by Carema, which will after the sale of the healthcare business have more than 8,000 employees and a turnover of 4,500 MSEK in Sweden. Ambea also includes Finnish Mehiläinen, and the entire group will after the transfer have approximately 12,500 employees and yearly sales of 7,000 MSEK.

• Capio is focused exclusively on healthcare at different levels of medical care. Capio operates St. Göran's hospital in Stockholm since 13 years. By the takeover of Carema Healthcare, the number of primary care centers in Sweden will increase to 70 with a total of 650,000 listed patients and the activity in specialist care and local hospitals will increase by about 25 percent. After the takeover, Capio's Swedish operations will have 4,500 employees and a turnover of around 5,800 MSEK. Capio Group in total will after the takeover have approximately 11,000 employees and 12,100 MSEK in sales.

• Subject to approval by the Swedish Competition Authority, the transfer will be concluded around the end of the year.


For further information please contact:

Fredrik Gren, CEO Ambea, +4670 511 64 99

Thomas Berglund, CEO Capio AB, +46733 888 600

Daniel Warnholtz, CFO Ambea, +46733 77 50 03

Håkan Winberg, CFO Capio AB, +44 7766 77 08 54

Karin Nyman, Head of Communications Ambea, +46733 92 69 74

Henrik Brehmer, Head of Communications Capio AB, +4676 111 34 14

 

 

 

About Nordic Capital Private Equity Funds

Since the start in 1989, Nordic Capital Private Equity Funds have invested in large and medium sized companies, primarily in Northern Europe. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital creates value in its investments. The funds invest in companies in Northern Europe and in selected investment opportunities internationally. They are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. Additional information about Nordic Capital is available through its corporate website, www.nordiccapital.com

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