Sweden looks to Finnish healthcare industry for business opportunities

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Swedish property business Hemsö has bought a property portfolio of 15 Finnish medical care assets and properties for € 100 000 000 from a real estate fund ran by Helsinki investment manager Trevian.

Finalisation on the portfolio, which was an element of the Trevian Care I investment fund, are predicted to take place this following month, said Trevian Investment Management. It plans to continue healthcare fund operations after the sale. "

The divestment of the real estate assets is an illustration of Trevian’s successful strategy of active fund leadership with versatile and enthusiastic transactions and assorted agreements," said Chief Executive Reima Södervall.

Trevian purchased the portfolio just last year from pension plan and insurance plan conglomerates Etera and Varma. "The assets are rented to regional municipalities and the finest operators in the trade on lasting deals so we are happy to give over administration to a committed manager like Hemsö," Södervall continued. Trevian has more than € 500 m in real estate assets under their supervision.

Established in 2012 and belonging to its administrators, Trevian is an active participant in services and housing fund operations for institutional investors, financial institutions and other professional investors. Hemsö, which is focused on non-private sector-rented homes and professional properties, has been independent for six years, having been bought out of publicly-funded conglomerate Kungsleden.

Today it is owned by the 3rd Swedish National Retirement Fund (eighty-five percent) and investor Sagax (fifteen percent), and has close to 350 buildings in health care, senior care or education. In 2011 it bought 17 real estate assets for elderly care in Germany and its investment portfolio is increasing. This past year it began its expansion into Finland, purchasing the Turku School of Applied Sciences. In the latest agreement, Roschier and Tenzing advised the vendor.

In other medical care reports, medical care provider Mehiläinen has successfully finished the acquisition of Mediverkko, a Finnish non-private social solutions and medical care provider. It is planned that the company will be merged with Mehiläinen, the Finnish private service provider of social services and med care.

Mediverkko is active in three health care sectors: Primary Care, including health stations,GP services and treatment centres; Dental Care; and Social Services, including nursing homes, home care and child welfare undertakings. The combined generated proceeds was somewhere around 365 million Euros for the previous year, and the collated facilities consist of around 100 facilities, assisted living homes and nursing homes across Finland. The merged organisation will hire close to 9k professionals and will be one of the premier internal businesses in Finland.