Capio acquires Legevisitten for $41M.
Capio, a Stockholm, Sweden-based healthcare provider offering a broad range of high quality medical, surgical and psychiatric healthcare services, announced the acquisition of Legevisitten AB, a Swedish provider of specialist care operations, mainly focusing on healthcare for the elderly, and primary care activities.
The transaction was made for 100% of the share, and prices Legevisitten at an enterprise value of SEK 365M ($41.4M) 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 unconditional approval from the Competition Authority.
The acquisition of Legevisitten strengthens Capio’s Nordic operations and the basis for specialization within the growing area of healthcare for the elderly.
Legevisitten, led by CEO Thorleif Nilsen, was founded in Oslo, Norway as the first private actor to offer home visits by doctors to private homes and special housing for the elderly. The company moved its operations in Sweden, where operates 39 units, which are divided into 21 operations in Stockholm and Värmland and have approximately 700 dedicated employees.
In 2017, about half of Legevisitten’s net sales of MSEK 613 derived from specialist care operations and half from primary care activities. The main part of activities (87% of net sales 2017) are located in the Stockholm area