Terveystalo subsidiary, Feelgood Svenska AB, acquires Växjö Hälsoforum and Quality Care in Sweden

Terveystalo Press Release, 21 June 2023 at 16:35 EEST

Terveystalo subsidiary, Feelgood Svenska AB, has entered into agreements for two acquisitions on 20 June 2023. These acquisitions are part of Feelgood's growth strategy and strengthen its position as a leading nationwide occupational health provider.

Feelgood acquires Växjö Hälsoforum, a strong local occupational health player in the Växjö region. Växjö Hälsoforum's annual revenue is approximately SEK 12 million, and the company has 12 employees. The acquisition is expected to be completed in August 2023.

"I am very pleased that we have the opportunity to make this acquisition. We are strengthening our local position in an important area. We already have good collaboration between our companies, and we look forward to continuing to work together for the benefit of our customers," says Joachim Morath, CEO of Feelgood.

Feelgood has also signed an agreement to acquire Quality Care's operations. Quality Care operates primarily in Stockholm, offering healthcare services to both companies and consumers. In addition, the company serves a large customer base through insurance companies. Quality Care's annual revenue is approximately SEK 15 million, and the company has 10 employees. The acquisition is expected to be completed in October 2023.

"Quality Care has a strong healthcare service concept, a broad-based offering of specialized medical practices, and an attractive offering of premium services. The acquisition is an important step in strengthening and expanding Feelgood's offering," says Joachim Morath, CEO of Feelgood.

For more information contact:

Kati Kaksonen, Vice President, Investor Relations, Sustainability & Communications
Tel. +358 10 345 2034

Terveystalo in brief

Terveystalo is the largest private healthcare 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 s digital services are available 24/7, regardless of time and place. Health and well-being services are also provided by over 370 clinics across Finland. In Sweden, we offer occupational health services at 155 clinics. Terveystalo is listed on the Helsinki Stock Exchange.

In 2022, Terveystalo had approximately 1.3 million individual customers in Finland and the number of customer appointments was approximately 8.5 million, with more than a quarter of these being conducted via remote channels. Terveystalo employs over 16,800 healthcare and well-being professionals. www.terveystalo.com