Adelis buys Med Group from Terveysrahasto

Following the management buyout, the two founders and the management team will retain a significant minority shareholding in the company.

Terveysrahasto owned 38% of the business before the transaction, making it the largest single owner.

Adelis's Rasmus Molander said the firm sees particular growth opportunities in the dental, homecare and personal assistance areas.

The former founder and CEO of Capio and Global Health Partner, Per Båtelson, will also invest in the company as part of the deal; he becomes a board member and adviser to Med Group's management.

Company
Founded in 2007, Med Group is a Finnish healthcare company providing ambulance, medical, oral healthcare, homecare and personal assistance services. Many of these are provided as a partner to Finland's public sector.

Based in Vantaa, near Helsinki, Med Group employs 800 people and expects to generate revenues of €50m this year.

People
Ramus Molander is part of Adelis's investment team, while Kustaa Piha is the CEO of Med Group.

Advisors
Equity – KPMG (Financial due diligence); Ditmar & Indrenius (Legal)
Vendor – Handelsbanken (Corporate finance); Deloitte (Financial due diligence); Borenius (Legal)

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• Topics
• Nordics
• Buyouts
• Healthcare
• Finland
• KPMG
• Deloitte
• Handelsbanken