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.