Mehiläinen continues to grow internationally – two significant healthcare service providers in Estonia acquired
Press release 8.3.2021
Mehiläinen has acquired two healthcare service providers in Estonia. Qvalitas is a leading provider of occupational healthcare services that also offers medical clinic services. Unimed is the leading dental care service provider. Strong expansion into Estonia is a natural next step in Mehiläinen’s internationalisation strategy.
One of the focus areas in Mehiläinen’s growth strategy is to expand and grow internationally by offering digital healthcare platform and software solutions as well as services based on digitalisation and own physical clinics in Finland’s neighbouring regions and Northern Europe. Now the company is taking a significant step into the Estonian market, geographically and culturally close to Finland.
“Estonia is a developing and digitally advanced society, as well as a growing healthcare market, and expansion there is a natural step for Mehiläinen. In the future, we can offer services to our customers in our physical clinics in Finland, Sweden and Estonia,” says Mehiläinen’s CEO Janne-Olli Järvenpää.
Mehiläinen’s operations in Estonia start through two acquisitions: Qvalitas is an occupational healthcare and medical clinic service provider with approximately 260 employees and Unimed is Estonia’s largest dental care service provider, which employs roughly 400 dental care experts. Both companies have roughly ten clinics and extensive operations in different parts of Estonia.
“Both Qvalitas and Unimed are leaders in their fields in Estonia in terms of revenue, quality and customer satisfaction. In the future, Mehiläinen’s resources and competence will support the continuous development of the companies’ quality and customer service,” notes Järvenpää.
The current owner of the companies is BaltCap, the leading private equity investment company in the Baltic countries, and now exits from the companies after five years of cooperation. Managing Partner Martin Kõdar considers Mehiläinen’s entry into the market an important possibility for Estonian healthcare as well as for patients and customers, thanks to the further development of the service offering.
“BaltCap has had the honour of participating in the growth stories of Qvalitas and Unimed. Both companies are leading private healthcare service providers in their fields. We welcome Mehiläinen as the companies’ new owner. We believe that Mehiläinen’s expertise, especially in digital services, and long-term vision will make it a strong partner and owner of Qvalitas and Unimed,” says Kõdar.
The agreement on the share transactions between Mehiläinen’s subsidiary Mehiläinen Eesti OÜ and Qvalitas and Unimed was signed on 5 March and will enter into force when the authorities approve the transactions. The transactions do not have a direct impact on the companies’ personnel or customers. After the transactions, the experienced, knowledgeable and entrepreneurial management of Qvalitas and Unimed will continue to grow and develop the companies together with Mehiläinen.
Mehiläinen’s goal is to increase both the service offering to different customer groups and its clinic network in the Estonian market in the future. Additional digital services will be introduced to complement and improve the availability and scale of healthcare services.