
Polaris divests Frösunda to HgCapital
Pan-European investor HgCapital has acquired Frösunda LSS from Danish private equity firm Polaris for an undisclosed sum.
The transaction is subject to regulatory approval.
Swedish provider of specialist disability care, Frösunda, is headquartered in Solna, and was originally a subsidiary of the health care services cooperative, Praktikertjänst.
Frösunda provides personal assistance (care delivered to the home) and housing (group assisted accommodation) services for adults and children with physical or mental disabilities. It also has an emerging coaching and schools business.
Frösunda cares for 1,600 people and operates 41 offices across Sweden.
The company became an independent business in 2007, with the backing of Polaris.
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