Banking & Finance, Capital Markets / 7 Nov 2019

Borenius advised the lenders on a tender offer made by Mehiläinen Yhtiöt Oy for all shares in Pihlajalinna Plc

We are pleased to be part of one of the biggest transactions in the field of Finnish healthcare as we advised the lenders in connection with the voluntary public cash tender offer made by Mehiläinen Yhtiöt Oy for all issued and outstanding shares in Pihlajalinna.

Pihlajalinna’s shareholders will be offered a cash consideration of EUR 16 for each issued and outstanding share in Pihlajalinna, valuing Pihlajalinna’s total equity at approximately EUR 362 million.

This transaction will create new collaboration in the field. “Together we have the opportunity to offer improved customer service and the highest quality health and social care services for our private, corporate and public sector customers across Finland,” says Janne-Olli Järvenpää, CEO of Mehiläinen.

Pihlajalinna is one of the leading private social and healthcare services providers in Finland. The company provides social and healthcare services as well as wellbeing services for households, companies, insurance companies and public sector entities in private clinics, health centres, dental clinics, hospitals and fitness centres around Finland. Pihlajalinna is listed on Nasdaq Helsinki stock exchange.

The Mehiläinen Group is a well-known and highly regarded private provider of healthcare and social care services in Finland, offering comprehensive high-quality services to private, corporate, municipal and insurance customers. The Mehiläinen Group provides help, support, and care for more than 1.2 million customers every year with revenue of EUR 916 million in 2018. The Mehiläinen Group’s services are produced at over 440 locations by more than 18,800 employees and private practitioners.

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