A consortium of Finnish institutions, including LocalTapiola, Varma and Ilmarinen, together with Mehiläinen management and in partnership with lead investor CVC Capital Partners' Fund VII announced that they have agreed to acquire Mehiläinen, a leading private healthcare and social care provider in Finland. Avance advises CVC in the acquisition.
Founded in 1909, Mehiläinen has a long and proud history of providing high quality and customer centric healthcare and social care services to the Finnish population. Today, the company provides a full range of healthcare and social care services through a comprehensive network of over 360 units and employing more than 14,000 professionals. Healthcare services ranges from outpatient clinics, occupational healthcare, specialist care and dental care, whereas social care services include elderly care, and disabled, mental rehabilitation, and child welfare.
CVC has a long history of partnering with providers of healthcare services across Europe. CVC has successfully partnered with the management team of QuironSalud, a leading Spanish provider of healthcare services; Elsan, a leading French private hospital operator; Vitalia Home, one of Spain's largest national groups in the management of social and sanitary services and centres; and, Metropolitan Hospital Group, one of the largest private hospital groups in Greece.