The Swedish healthcare industry was thrown into the media spotlight recently after private equity-owned Carema was accused of mistreating elderly care home patients – a situation which could have delayed the Attendo sale, according to Reuters.
Attendo’s main owner IK is believed to have invited banks to compete last Autumn but has taken a surprisingly long time to name its advisors, leading to speculation it wanted to avoid scrutiny while Carema was in the headlines.
Reuters’ sources said the company could fetch between 6bn and 7bn crowns, but added the Carema affair might have dampened interest from potential private equity bidders.
IK, formerly known as Industri Kapital, manages a total of €5.7bn in fund commitments.
It is understood IK is also looking to sell industrial weighing company Schenck Process.
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