Mehiläinen and Pihlajalinna have on 5 November 2019 entered into a combination agreement pursuant to which Mehiläinen will make a voluntary recommended public cash tender offer for all issued and outstanding shares in Pihlajalinna. HLP acted as the sole financial adviser to Pihlajalinna and its board of directors in the voluntary public tender offer.
Pihlajalinna is one of the leading private social and healthcare services providers in Finland. The company provides social and healthcare services as well as wellbeing services for households, companies, insurance companies and public sector entities in private clinics, health centres, dental clinics, hospitals and fitness centres around Finland. Pihlajalinna provides general practitioner and specialised care services, including emergency and on-call services, a wide range of surgical services, occupational healthcare and dental care services, in private clinics and hospitals. The company, in cooperation with the public sector, offers social and healthcare service provision models to public sector entities with the aim of providing high quality services for public pay healthcare customers. Pihlajalinna is listed on Nasdaq Helsinki stock exchange.
The Mehiläinen Group is a well-known and highly regarded private provider of healthcare and social care services in Finland, offering comprehensive high-quality services to private, corporate, municipal and insurance customers. Now 110 years old, the Mehiläinen Group is a rapidly developing and growing forerunner in its sector. The Mehiläinen Group provides help, support, and care for more than 1.2 million customers every year with revenue of EUR 916 million in 2018. The Mehiläinen Group’s services are produced at over 440 locations by more than 18,800 employees and private practitioners.Back to transactions