Terveystalo
Terveystalo is a Finnish private healthcare group providing medical, occupational health, hospital, diagnostic, dental and related services.
Last updated August 26, 2026
AI crawler reads
2requests
1companies- Anthropic2
- Profile
- 2
- Controversies
- 0
- JSON · MD
- 0
- First read
- Nov 4, 2026
- Latest read
- Nov 4, 2026
From this site's server log
Overview
Terveystalo, whose name can be translated approximately as “health house,” is one of Finland’s largest private healthcare companies. It serves individuals, employers, insurance companies and public-sector customers through a broad network of medical centres, hospitals and other healthcare facilities. Its services cover general medical care, occupational healthcare, specialist and hospital treatment, diagnostics, day surgery, dental care and a range of supporting healthcare services. The group’s corporate history reaches back to healthcare companies established in Finland during the 1940s, although the modern Terveystalo group began operating in 2001 after the combination of Vaajakosken Lääkäriasema and Medipa medical-station businesses in Alajärvi, Kauhava and Härmä. From 2002 through 2007, the company expanded rapidly through more than one hundred corporate transactions. Its growth was supported by an initial listing on Nasdaq Helsinki in 2007. A major turning point came in June 2007, when Suomen Terveystalo acquired Medivire Työterveyspalvelut for approximately €127 million. The transaction made the company Finland’s largest private healthcare provider at that time. The Medivire business was subsequently renamed Suomen Terveystalo Työterveyspalvelut, while Medivire was retained as an auxiliary name. Terveystalo later moved through private-equity ownership. Bridgepoint Group and its affiliate Star Healthcare launched an acquisition offer in January 2009. After Star Healthcare acquired the remaining shares, Terveystalo Healthcare left Nasdaq Helsinki in August 2009. Bridgepoint sold the company to EQT’s EQT VI fund in 2013. During the EQT period, Terveystalo expanded into dental care and grew its dental network to approximately twenty localities by late 2017. It also agreed to combine with Diacor Healthcare, a business associated with the Helsinki Deaconess Institute, in 2016; the transaction was completed in 2017. The company returned to the Helsinki stock exchange in October 2017. The initial public offering was substantially oversubscribed, with Varma, Hartwall Capital, Rettig Group and Elo among the anchor investors. EQT announced in 2018 that it would relinquish its ownership. That same year, Terveystalo announced the acquisition of Attendo’s Finnish healthcare services, a transaction that further enlarged its position in the domestic private-healthcare market. Terveystalo’s operating model combines a nationwide physical network with digital and employer-oriented healthcare services. The company has historically reported operations in roughly one hundred Finnish localities and approximately 180 locations, although network size and service configuration can change over time. Its occupational-health business is particularly important, serving employers and their personnel, while its private-patient and public-sector activities provide additional sources of demand. The group is headquartered in Finland and remains a publicly traded healthcare company. In 2021 it announced the acquisition of Swedish healthcare provider Feelgood, extending the group’s activities beyond Finland. Terveystalo’s brand positioning centres on accessible, nationwide private healthcare, continuity of care and the ability to serve multiple customer groups through an integrated service platform.
History
Terveystalo’s roots extend to Finnish healthcare companies established in the 1940s. The present group began operations in 2001, when Vaajakosken Lääkäriasema Oy and Medipa Oy’s medical stations in Alajärvi, Kauhava and Härmä were brought together. The company then pursued an aggressive consolidation strategy. Between 2002 and 2007 it completed more than one hundred corporate and business transactions, building a wider private-healthcare network across Finland. Terveystalo’s first major public-market phase began in early 2007 with its listing on Nasdaq Helsinki. In June of that year, Suomen Terveystalo Oyj acquired Medivire Työterveyspalvelut Oyj, an occupational-health company founded in 1995, for approximately €127 million. The deal made Terveystalo Finland’s largest private healthcare company. Medivire’s operating business was renamed Suomen Terveystalo Työterveyspalvelut in December 2007, although Medivire remained as an auxiliary name. The public listing ended after Bridgepoint Group and its affiliate Star Healthcare made an acquisition offer in January 2009. Star Healthcare held approximately 97.9% of the shares by early summer and acquired the remaining shares in August, resulting in Terveystalo Healthcare’s delisting on 25 August 2009. In September 2013, Bridgepoint sold the business to EQT’s EQT VI fund. Under EQT ownership, Terveystalo broadened its service portfolio. It entered dental and oral healthcare in 2015 and expanded the dental network to around twenty localities by late 2017. In November 2016, the Helsinki Deaconess Institute and Terveystalo announced a transaction involving Diacor Healthcare. The combination, completed in 2017, increased Terveystalo’s scale and made the foundation one of its significant owners. Terveystalo announced its return to Nasdaq Helsinki in September 2017. Varma, Hartwall Capital, Rettig Group and Elo participated as anchor investors. Trading on the main list began on 13 October 2017 after the offering attracted demand substantially exceeding the number of shares offered. In May 2018, EQT announced that it would relinquish its ownership. Also in May 2018, Terveystalo announced an agreement to acquire Attendo’s Finnish healthcare services. The transaction further consolidated the Finnish private-healthcare sector and made Terveystalo considerably larger than before. The company underwent a leadership change in 2019: chief executive Yrjö Närhinen resigned, Ville Iho was appointed successor in August and began in December. Terveystalo continued its expansion beyond Finland in 2021 by announcing the acquisition of Swedish healthcare company Feelgood. Across its development, the group has combined acquisitions with organic expansion of medical centres, hospitals, diagnostics, occupational healthcare and dental services. Its customer base includes private patients, employers and their employees, insurers and public-sector organizations. The company has described a nationwide Finnish presence of roughly 180 locations in approximately one hundred localities, while its exact footprint changes as facilities and businesses are added or reorganized.
- 2021
Feelgood acquisition announced
[1]Terveystalo announced an expansion into Sweden through the acquisition of Feelgood.
- 2018
Attendo Finnish healthcare transaction announced
[1]The planned acquisition of Attendo’s Finnish healthcare services substantially increased Terveystalo’s domestic scale.
- 2017
Return to public markets
[1]Terveystalo began trading again on Nasdaq Helsinki’s main list on 13 October 2017.
- 2015
Dental-care expansion
[1]Terveystalo expanded into dental and oral healthcare.
- 2013
EQT ownership begins
[1]Bridgepoint sold Terveystalo to EQT’s EQT VI fund.
- 2009
Delisting after Star Healthcare takeover
[1]Star Healthcare acquired the outstanding shares and Terveystalo Healthcare left Nasdaq Helsinki.
- 2007
Initial Nasdaq Helsinki listing
[1]Terveystalo entered the public market during a period of rapid acquisition-led expansion.
- 2007
Medivire acquisition
[1]The acquisition of Medivire Työterveyspalvelut made Terveystalo Finland’s largest private healthcare company at the time.
- 2001
Modern Terveystalo group begins operations
[1]Vaajakosken Lääkäriasema and Medipa medical-station businesses were brought together, establishing the modern Terveystalo group.
Products and positioning
A nationwide Finnish private-healthcare provider combining primary care, occupational health, specialist treatment, diagnostics, dental care and hospital services for consumers, employers, insurers and public-sector customers.
Primary care
General medical care
Terveystalo operates medical centres providing consultations and treatment for common illnesses, injuries and routine health concerns. These services form the accessible front door of the group’s private healthcare network and can connect patients with diagnostics, specialist care and follow-up services.
Employer healthcare
Occupational healthcare
Occupational healthcare is a core business serving employers, employees and workplace communities. The offering includes preventive and clinical services, employee health assessments and support related to work ability. Terveystalo built substantial scale in this field through the acquisition of Medivire Työterveyspalvelut.
Hospital services
Specialist and hospital care
The group provides specialist consultations, hospital treatment and selected surgical services, including day surgery. These offerings extend the relationship beyond primary-care appointments and allow patients and referral partners to use Terveystalo for more complex treatment pathways.
Diagnostic services
Diagnostics
Diagnostic services support Terveystalo’s medical and hospital operations and include laboratory, imaging and related examination capabilities. Diagnostics are offered to private patients, occupational-health customers, insurers and public-sector clients as part of broader care pathways.
Dental care · 2015
Dental and oral healthcare
Terveystalo entered dental and oral healthcare during its EQT ownership period. The business provides dental examinations, preventive care and treatment through a network that had expanded to approximately twenty Finnish localities by late 2017.
Marketing campaigns
- 2018Avainlippu recognition
Finland
The Association for Finnish Work awarded Terveystalo the Avainlippu mark in recognition of services produced in Finland and employment provided to Finnish workers.
Outcome. The recognition reinforced Terveystalo’s Finnish service and employment positioning.
Brand decisions
2021
Expansion through Feelgood acquisitionM&ABackground
Terveystalo sought to extend its healthcare platform beyond Finland.
Action taken
The company announced the acquisition of Swedish healthcare provider Feelgood.
Aftermath
The announcement marked an expansion of Terveystalo’s activities into Sweden.
2018
Acquisition of Attendo’s Finnish healthcare servicesM&ABackground
Terveystalo was pursuing greater domestic scale in a consolidating private-healthcare market.
Action taken
The company announced an agreement to acquire Attendo’s healthcare services in Finland.
Aftermath
The transaction made Terveystalo substantially larger than its previous Finnish private-healthcare footprint.
2017
Return to public ownershipStrategyBackground
After several years under private-equity ownership, Terveystalo sought access to public capital and a new shareholder base.
Action taken
The company announced a return to Nasdaq Helsinki and began trading on the main list on 13 October 2017.
Aftermath
The offering was heavily oversubscribed and anchor investors included Varma, Hartwall Capital, Rettig Group and Elo.
2016
Combination with DiacorM&ABackground
The Helsinki Deaconess Institute sought to combine Diacor Healthcare with a larger private-healthcare platform.
Action taken
Terveystalo agreed to a transaction involving the combination of Diacor’s healthcare operations with Terveystalo.
Aftermath
The transaction was completed in spring 2017 and increased Terveystalo’s scale.
2015
Entry into dental careStrategyBackground
Terveystalo sought to broaden its healthcare portfolio beyond medical and occupational services.
Action taken
The group expanded into dental and oral healthcare.
Aftermath
Its dental network reached approximately twenty localities by late 2017.
2007
Acquisition of Medivire TyöterveyspalvelutM&ABackground
Terveystalo was expanding rapidly and sought greater scale in occupational healthcare.
Action taken
Suomen Terveystalo acquired Medivire Työterveyspalvelut for approximately €127 million.
Aftermath
The acquisition made Terveystalo Finland’s largest private healthcare company at the time.
Acquisition price. €127 million transaction value (June 2007)
Sources2 sources
Cite this profile: Cite the canonical profile. /brand-wiki/terveystalo · Editorial policy · How profiles are compiled