Ambea acquires new operation in Norway

Ambea continues to grow in Norway through the acquisition of Målrettet Intervensjon AS. It is the fifth acquisition in two years for Ambea in Norway.

Målrettet Intervensjon AS was establish in 2000 and focus on psychiatric and social disabilities. The operation is situated in the region of Hedmark och Oppland. Målrettet Intervensjon AS has 33 beds and the revenue for 2016 was 49 MNOK.

It is the fifth acquisitions in two years for Ambea in Norway. In the same period the organic growth has been successful with the opening of over ten new units.

- Ambea has a strong focus on the quality and more than 20 years of experience from the care sector in Sweden. Knowledge and experience that are important in the continued expansion in Norway. We implement our quality system, educate the co-worker and strengthen the platform to ensure long-term growth in Norway, says Fredrik Gren, CEO Ambea.

For more information;

Louise Tjeder, Director IR and Strategy
Telephone: +46 731 43 17 68
E-mail: louise.tjeder@ambea.se

Ambea press contact
Telephone: +46 10 33 00 501
E-mail: press@ambea.se

Ambea is present within care services and has around 14,000 employees. Ambea offers services within disabled care, individual and family care and elderly care, with a focus on residential care and own management. We strive to be the quality leaders in all we do – and our vision is to make the world better, one person at a time. As of December 31, 2016, Ambea had approximately 6,200 beds and 1,300 school-/daily activity-placements in around 460 units across Sweden and Norway. Total sales and adjusted EBITA for the 2016 financial year amounted to SEK 5,409 million and SEK 456 million. The company was founded in 1996 and its head office is located in Solna, Sweden. Ambea is listed on Nasdaq Stockholm. www.ambea.com

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Quotes

Ambea has a strong focus on the quality and more than 20 years of experience from the care sector in Sweden. Knowledge and experience that are important in the continued expansion in Norway. We implement our quality system, educate the co-worker and strengthen the platform to ensure long-term growth in Norway
Fredrik Gren, CEO Ambea