May 6, 2016

Humana expands into Finland after acquiring Arjessa

Arjessa is a leading Finnish high-quality provider of full responsibility psychiatric and psychosocial treatments for children, adolescents and their families.
Arjessa is a leading Finnish high-quality provider of full responsibility psychiatric and psychosocial treatments for children, adolescents and their families.
istock.com/yaruta

Swedish care company Humana has announced its acquisition of Finnish psychosocial care provider Arjessa.

Arjessa is Finland’s largest private provider within child and family open care and its second-largest provider within child welfare institutional care. The purchase consideration is 32 million euros.

“Arjessa and its management team offer an optimal platform for continued expansion in Finland,” says Humana CEO Rasmus Nerman. “The acquisition further strengthens Humana’s position as the leading Nordic player within individual and family care.”

Arjessa has more than 800 full- and part-time employees. The change in ownership will not affect its operations or personnel.

The transaction is subject to approval by the Finnish competition authorities and its finalisation is anticipated by the end of Q2 this year.

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