News. 01/04/21

Procuritas’s recently-merged Medtanken platform makes bolt-on growth acquisition

Procuritas Capital Investors VI (“Procuritas”), the private equity investor focused on investing in and growing Nordic mid-market companies, today announces that its portfolio company Medtanken, a leading primary care group in Western Sweden, has successfully executed a bolt-on acquisition of Kvarterskliniken to further expand the group. This acquisition comes soon after Procuritas invested in and partnered with Medtanken, which was formed through the recent merger of Medpro and Omtanken.

Medtanken has a vision of delivering and enhancing quality primary care provision in Sweden and to develop digi-physical solutions which will increase accessibility and patient satisfaction.

With its passion for building strong sustainable businesses through transformational growth, Procuritas partnered with Medtanken to facilitate accelerated development and multi-regional and digital expansion. The addition of Kvarterskliniken strengthens Medtanken’s local presence in the Västra Götaland Region and supports the development of its customer care offering.

Following today’s acquisition, the Medtanken group will offer 18 care clinics, over 105,000 listed patient and turnover of over €62 million (SEK 640 million).

“The new Medtanken platform has been created to benefit from jointly-developed innovative solutions which assist the patients on their care pathway. With Procuritas’s backing, acquiring Kvarterskliniken is a natural next step in strengthening our local presence as well as our offering while focusing on a high quality patient care at the centre of all we do”, says Nick Johansson, CEO for Medtanken.

“This is a great first add-on acquisition to Medtanken. With its high quality care offering to patients, Kvarterskliniken fits neatly into the group’s business strategy, and is a step towards becoming a leading player within the Swedish healthcare market.” says Oskar Lindholm-Wu, Partner, Procuritas.

Today’s Medtanken acquisition follows a busy time for Procuritas, which has recently listed Pierce Group on Nasdaq Stockholm, acquired the iconic Swedish children’s clothing brand Polarn O. Pyret and sold its climate smart building automation and management systems portfolio company Fidelix.

Contacts:

Procuritas
Oskar Lindholm-Wu
+46 8 506 143 00 
oskar.lindholm-wu@procuritas.com

Media – Kepler Communications
Charlotte Balbirnie
+44 7989 528421
CBalbirnie@keplercomms.com

Caroline Villiers
+44 7808 585184
CVilliers@keplercomms.com

Medtanken
Nick Johansson
+46 70 343 29 72
nick.johansson@omtanken.se

About Procuritas
Procuritas is a private equity investor, focused on investing in and growing Nordic mid-market companies. With a passion for business, hands-on industrial experience and a close to thirty-five year record from a large variety of transactions, we have supported more than 45 companies in accelerating their growth and realizing their true business potential. As owners, we are characterized by our enthusiasm, commitment, and strong belief that we are allies in the quest to build strong and sustainable businesses.

www.procuritas.com

About Medtanken
Medtanken is a primary care provider in the Västra Götaland Region of Sweden with a strong local presence. Medtanken has 18 clinics and more than 105,000 listed patients. Apart from primary care, the platform has rehab clinics, specialist care within dermatology and cardiology, travel vaccination clinics, as well as occupational healthcare services and extended psychology services. The company has c. 420 full time employees focused on delivering high-quality and easily accessible care to its patients.

www.medtanken.se

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