Rettig Group to invest in Terveystalo
Rettig Group has today announced its intention to invest in Terveystalo Oy, a leading healthcare service company in Finland that is contemplating a listing of its shares on the official list of Nasdaq Helsinki.
As one of the cornerstone investors, Rettig Group has committed to invest in 10.1% of the shares outstanding, subject to certain conditions being fulfilled, following completion of the contemplated Initial Public Offering (IPO).
“Rettig Group is a leading family held investment company in Finland. As an active and responsible owner our mission is to create value for generations. Terveystalo fits well with our stated criteria for new Core Investments. It is a well-managed company with a leading market position in a structurally growing sector that offers interesting opportunities for long-term value creation”, said Tomas von Rettig, President and CEO of Rettig Group.
Rettig Group’s long-term objectives are to realise net asset value growth, to diversify risk and to maintain a strong balance sheet. The company owns businesses and assets across different industries and geographies that together deliver stable returns at a lower combined risk level. Rettig Group’s Core Investments include the wholly owned companies Rettig ICC and Nordkalk as well as minority holdings in Alandia and eQ. Rettig Group is an active owner with an indefinite investment horizon in its Core Investments.
Tomas von Rettig, President&CEO of Rettig Group, +358 (0)40 7455276
Rettig Group is a Finnish family held investment company that creates value for generations through active and responsible ownership. Our investments include Rettig ICC (indoor climate comfort), Nordkalk (limestone), Alandia (insurance), eQ (asset management and corporate finance) and Anchor (financial investments). Through these businesses Rettig Group is active in about 28 countries globally and employs over 4,000 people. www.rettig.fi
Terveystalo is a leading healthcare service provider in Finland offering primary and outpatient secondary healthcare services to corporate, private and public sector customers. The Company offers general practice and specialist medical care, diagnostic services, outpatient surgery, dental services and other adjacent services. In 2016, the Company had approximately 1 million individual customers and approximately 2.7 million doctor visits, accounting for 12% of the total doctor visits in Finland. Terveystalo provides nationwide healthcare through its approximately 180 clinics, covering all 20 of Finland's largest cities, and through its digital platforms. Terveystalo’s strategic focus is on providing medical quality and positive customer experiences, maintaining a competent and satisfied base of healthcare professionals and developing a variety of customized digital tools. Terveystalo had approximately 4,445 employees (including part-time employees) and approximately 4,400 private practitioners on June 30, 2017. www.terveystalo.com