Capio acquires Legevisitten
Capio has signed an agreement to acquire all shares in Legevisitten with specialist care operations, mainly focusing on healthcare for the elderly, and primary care activities. In 2017, the group's net sales were MSEK 613. The acquisition increases Capio's capacity within geriatrics and related services for the elderly in the Stockholm area and strengthens Capio's position facing the geriatric free healthcare choice introduction in Stockholm in 2019.
Enterprise value is MSEK 365 and the acquisition is expected to be closed and included in Capio from September 1, 2018. The acquisition is subject to approval by the county councils of Stockholm and Värmland as well as approval from the Competition Authority.
The Capio Group is a leading, pan-European healthcare provider offering a broad range of high quality medical, surgical and psychiatric healthcare services through its hospitals, specialist clinics and primary care units. Capio operates in five countries; Sweden, Norway, Denmark, France and Germany. In 2017, Capio's 13,314 employees (average full -time equivalents) provided healthcare services during 5.1 million patient visits across the Group's facilities, generating net sales of MSEK 15,327. Capio AB (publ) is listed on Nasdaq Stockholm.
Capio was advised by Mannheimer Swartling in the transaction.