Attendo will evaluate strategic alternatives for its Finnish healthcare operations
The Board of Directors of Attendo has initiated a process to evaluate strategic options regarding its healthcare and dental care operations in Finland, including a potential divestment.
Attendo’s strategy is to focus on own operations. Over the past ten years, Attendo has grown rapidly in own operations in care for older people and other forms of social care, both organically and through acquisitions.
In addition to care services, Attendo offers healthcare services in Finland. Attendo's healthcare business includes primary care, specialist care and dental clinics and had revenues of EUR 234m in 2017. Attendo’s healthcare business is very well positioned to benefit from the increased focus on freedom of choice coming in the Finnish healthcare market.
The assessment of different strategic options will be carried out during first half of 2018 and includes a potential divestment of the healthcare and dental care businesses. Attendo has engaged Danske Bank as financial adviser to assist in the evaluation.
Attendo AB (publ)
For further information, please contact:
Andreas Koch, Communications and IR-Director Attendo
Phone: +46 705 09 77 61
This information is information that Attendo AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 5 March 2018.
Attendo - the leading care and healthcare company in the Nordics
Attendo is the leading private provider of publicly financed care and healthcare services in the Nordic region. The company was founded in 1985 and was first to provide outsourced care for older people in Sweden. In addition to care for older people, Attendo provides care for people with disabilities, individuals and families, and, in Finland, healthcare and dental care. Attendo has more than 24 000 employees and is locally anchored with over 700 operations in more than 200 municipalities in Sweden, Finland, Norway and Denmark. www.attendo.com