Terveystalo secures EUR 50 million funding for the development of digital health services
Terveystalo Press Release 13 May 2022 at 10:00 EEST
The Nordic Investment Bank (NIB) and Terveystalo Healthcare Holding Oy have agreed on a EUR 50 million loan for financing Terveystalo’s investments in its digital healthcare services and applications.
“With digitalisation, we can solve the most significant sustainability challenges in healthcare. More efficient use of health data, better care management and the use of digital appointments can improve productivity, access to care as well as job satisfaction within healthcare. Our goal is to address the chronic shortage of professionals in healthcare by finding ways to scale medical expertise. With NIB's funding, we will further accelerate our digital development work,” says Ville Iho, CEO of Terveystalo.
Terveystalo is a pioneer in the digitalisation of healthcare. The seven-year loan will finance Terveystalo's digital development in 2022–2025. With the funding, Terveystalo will further develop applications for example for private individuals, companies, public healthcare, and healthcare professionals.
Terveystalo has developed one of the industry's leading digital platforms by investing significantly in the technology, customer, and clinician experience, as well as clinical and operational quality. Terveystalo's 24/7 digital health services improve access to care and resource efficiency. Terveystalo will further develop the efficiency and effectiveness of care with artificial intelligence-based data tools, software development for medical devices and other new digital services.
“The past two years have underlined the need to accelerate the digitalisation of healthcare and the development of related technology. By strengthening their digital services and heavily investing in the development of cutting-edge digital applications and platforms, Terveystalo positions itself at the forefront of the digital transformation of the healthcare sector,” says André Küüsvek, CEO of NIB.
NIB is an international financial institution owned by eight member countries: Iceland, Latvia, Lithuania, Norway, Sweden, Finland, Denmark, and Estonia. The Bank finances private and public investment projects both inside and outside the member states.
More information:
Kati Kaksonen, Vice President, Communications, IR & CR
Tel. 010 345 2034
kati.kaksonen@terveystalo.com
Terveystalo in brief
Terveystalo is the largest private health care service provider in Finland in terms of revenue and network. Terveystalo is also a leading occupational health provider in the Nordic region. We offer a wide variety of primary health care, specialized care, and well-being services for corporate and private customers and the public sector. Terveystalo' s digital services are available 24/7, regardless of time and place. Health and well-being services are also provided by Terveystalo' s over 360 clinics across Finland. In Sweden, we offer occupational health services at 120 clinics. Terveystalo is listed on the Helsinki Stock Exchange and has a predominantly Finnish ownership.
In 2021, Terveystalo had approximately 1.3 million individual customers in Finland and the number of customer appointments was approximately 8 million, with more than a quarter of these taking place via remote channels. Terveystalo employs over 15,500 healthcare and well-being professionals. Terveystalo is a Key Flag company and member of Association for Finnish Work. www.terveystalo.com