Attendo buys up the Finnish Mikeva.

Attendo AB, a Stockholm, Sweden-based public company providing healthcare services, announced it had reached an agreement to acquire Mi-Hoiva Oy (Mikeva), a leading provider of care in Finland.

The financial details of the transaction remain undisclosed, and the acquisition strengthens Attendo’s operations in social psychiatry and care for people with disabilities, and geographically complements Attendo’s offering in care for older people in Finland.

Mikeva, founded in 1987 and led by CEO Petri Pitkäranta, is active in social psychiatry, care for people with disabilities and care for older people. The company has approximately 2,800 beds in operation and more than 100 beds under construction, operating with around 2,300 employees at 122 units throughout Finland.

In 2016 Mikeva had sales of EUR 101M ($114M( and EBITDA of EUR 5.3 million. In recent years, the company has successfully focused on growth through acquisitions and by developing its own operations.