Mehiläinen's acquisition of Humana's elderly care services, contingent on the sale of Hoivakoti Joutsenkulma Oy to Esperi, is set to complete on February 3, 2025, enhancing Mehiläinen's capacity in the growing Finnish elderly care market.

Target Information

The target of the acquisition is Hoivakoti Joutsenkulma Oy, a care facility for the elderly based in Varkaus, Finland. This facility has capacity for 30 residents and has been a condition set by the Finnish Competition and Consumer Authority (KKV) for the completion of the acquisition between Mehiläinen and Humana. To fulfill compliance, Humana has recently reached an agreement to sell Hoivakoti Joutsenkulma Oy to Esperi, a qualified third party.

The approval from KKV on December 20, 2024, clears the way for the acquisition of Humana's elderly care services by Mehiläinen, set to finalize on February 3, 2025. Following the completion of the deal, the existing staff at the facility will transition to Mehiläinen under the terms of their previous employment, ensuring continuity of care for the residents.

Industry Overview in Finland

The elderly care industry in Finland has been experiencing significant growth, primarily driven by the aging population and increasing demand for long-term care services. The Finnish government has been actively promoting investments in