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Press Release: Terveystalo sells its Riga based subsidiary Ava Clinic
On 31 July 2018, Terveystalo Group has entered into an agreement with Eugin Group, Europe's second largest group fully dedicated to human reproduction, whereby Terveystalo sells to Eugin Group the entire operation of Ava Clinic in Riga.
Ava Clinic provides gynecological services, obstetrician services, as well as infertility treatment. In 2017, the company employed an average of 13 employees and the unit's revenue in 2017 was approximately EUR 3 million.
"We continue to focus on our core business in Finland according to our strategy and with this transaction we are able to release capital for the development of our business. The transaction will also contribute to improving Terveystalo Group's solvency," says Terveystalo's CFO Ilkka Laurila.
For more information, please contact:
Kati Kaksonen, Director, Investor Relations and Financial Communications
Tel. +358 10 345 2034
Terveystalo in brief
Terveystalo is a listed company on the Helsinki Stock Exchange. Terveystalo is the largest healthcare service company in Finland with net sales and network. The company offers versatile primary and secondary health care services for corporate and private customers and the public sector. The nationwide network covers approximately 180 locations across Finland, complemented by 24/7 digital services.
In 2017, the Company had approximately 1.2 million individual customers and approximately 3.3 million doctor visits. Nearly 9,000 healthcare professionals work in Terveystalo, about half of whom are private practitioners. Terveystalo is a member of Association for Finnish Work. www.terveystalo.com