The firm did not disclose the financial terms of the deal, but said that the exit will bring total cash proceeds from its portfolios in the year to date to €1.5bn.
Terveystalo offers occupational health and primary healthcare services including surgery at over 130 hospitals and clinics that cover 90 per cent of Finland’s population.
During Bridgepoint’s ownership, the company received a €160m investment in its clinic network, IT infrastructure and service delivery, including €120 million to fund three strategic and 12 bolt-on acquisitions.
Since being acquired by Bridgepoint in 2009, Terveystalo has seen its EBITDA more than double to €52.3m on revenues of €455m.
Bridgepoint partner Håkan Johansson said, “The acceleration in Terveystalo’s performance was the result of a business change programme that included significant investment in clinic infrastructure, service delivery and marketing coupled with a strengthening of the group’s management team.
“That operational transformation is now complete and Terveystalo is the most highly rated healthcare provider in Finland with a leading market position that has attracted further investment from a new shareholder.”
Earlier this month it was reported that Bridgepoint was seeking to exit Dutch educational publishing company Noordhoff Uitgevers.
Copyright © 2013 AltAssets