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Apax, Nordic Capital back bolt-on for Swedish healthcare group Capio

15 Nov 2012

European healthcare company Capio, backed by Apax Partners and Nordic Capital, has acquired Carema’s healthcare operations from care home operator Ambea.

The deal  includes 35 primary care centers and a number of specialist businesses around Sweden, with total sales of around SEK1.700bn (€197m).

Capio was acquired by a public-to-private transaction in 2006 by Nordic Capital Fund VI, together with Apax Partners and Apax France.

“Capio wants to continue being a leader in Swedish healthcare through high quality and remaining at the forefront by introducing better and less invasive therapies – modern medicine. Together with Carema Healthcare employees, we will now be able to offer good primary care to twice the number of listed patients, and we reinforce our specialist offerings particularly in orthopedics and psychiatry. An increasing number of counties open up for care choice in more specialties and today’s acquisition provide new opportunities to offer Capio as an option for more patients,” says Thomas Berglund, CEO Capio.

Capio operates St. Göran’s hospital in Stockholm. With its takeover of Carema Healthcare, the number of primary care centers in Sweden will increase to 70 with a total of 650,000 listed patients and the activity in specialist care and local hospitals will increase by about 25 percent.

In 2007, Capio acquired specialised clinic chain Vena, and sold its Capio Diagnostics division in 2008. In addition Capio Healthcare UK was divested in 2007.

Capio’s Swedish operations will now comprise 4,500 employees with a turnover of around SEK5.8bn (€671m).

In total, Capio Group has approximately 11,000 employees and SEK12.1bn (€1.41bn) in sales.

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