Ambea strengthens its position within LSS through the acquisition of Resursteamet
Ambea's business division Nytida continues to grow within LSS Own Management by acquiring Resursteamet, a Stockholm-based actor primarily in day-care activities for people with acquired or congenital cognitive impairment. The purchase price, which is financed by cash, amounts to SEK 194 million, including a net debt of SEK 6 million.
Resursteamet was founded in 1997 and has 25 day-care units, three speech therapy units and a children's rehab unit. Resursteamet i Stockholm AB, including subsidiaries, has approximately 750 care recipients and approximately 320 employees. Total sales in the acquired companies in 2016, pro forma, amounted to 161 MSEK and EBITA to approximately 23 MSEK.
"Resursteamet is an important and attractive addition to Nytida's LSS business, which strengthens our presence in Stockholm and enables new development opportunities in the area. Together, Nytida and Resursteamet become a clear market leader with 36 units and 1,200 places in day-care in the Stockholm county. Through the acquisition, we complement Nytida's leading position in housing with Resursteamet's market-leading position in day-care operations, creating a stronger and wider LSS offer", says Ambea's CEO Fredrik Gren.
"We chose Nytida because they have a clear plan for how they want to utilize Resursteamet's operations and skills. Nytida complements Resursteamet within disability care, and has a value base that complies with ours. We have created a trustworthy relationship with Ambea’s and Nytida's management and look forward to continue to develop Resursteamet with Nytida," says Resursteamet's CEO Annika Meinhardt.
This report constitutes the type of information that Ambea AB (publ) is obligated to disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. This information was submitted for publication, through the agency of the contact person set out above, on 22 May 2017.
For more information, please contact:
Louise Tjeder, Director IR and Strategy
Telephone: +46 73 143 17 68
E-mail: louise.tjeder@ambea.se
Nanna Wedar, Director Communications
Telephone: +46 70 166 58 88
E-mail: nanna.wedar@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