On Air Now

Current Show

Coast to Coast AM   12:00 AM - 5:00 AM

Call Coast to Coast now at 1-800-825-5033

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
47° Feels Like: 47°
Wind: NNE 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

AM Showers 59°

Tonight

Clear 34°

Tomorrow

Sunny 62°

Alerts

EQT buys Finnish healthcare firm Terveystalo from Bridgepoint

STOCKHOLM (Reuters) - Swedish private equity firm EQT has agreed to buy Finland's largest healthcare services company Terveystalo from British peer Bridgepoint, EQT said in a statement on Tuesday.

A person familiar with the deal said the price for Terveystalo was around 650 million euros. The person declined to be identified because the figure was not public.

Terveystalo operates 18 hospitals and 141 clinics in Finland and employs around 6,300 people. It had sales of 455 million euros in 2012 and earnings before interest, tax, depreciation and amortization (EBITDA) of 52.4 million.

Bridgepoint had owned Terveystalo since 2009. According to Bridgepoints website, it bought Terveystalo for 308 million euros. Bridgepoint said in a separate statement it had invested 160 million euros including acquisitions in the firm during its ownership, more than doubling its EBITDA.

(Reporting by Sven Nordenstam; Editing by Alistair Scrutton)

Comments