KFA, founded in 1989, is the clear market leading provider of physical manual therapy treatments in Norway, performing around 425,000 treatments per year across its 30 clinics, and with a turnover of approximately NOK 300 million. KFA strives to always provide the highest standard of care to its patients, based on a model which attracts the best therapists by allowing them to fully focus on physical manual therapy in a stimulating working environment, backed by centralised support functions.
The market for physical manual therapy is characterised by low cyclicality and a strong growth outlook primarily driven by an aging population, increasing obesity, lack of physical activity, as well as increased awareness and acceptance of the specialised and preventive care which physical manual therapy offers. Furthermore, as the market is very fragmented, KFA is well positioned as the dominant player to continue driving consolidation and development of the profession.
“We are impressed by the development of KFA and what the team has accomplished up until today. KFA has built a truly leading position within physical manual therapy, with strong focus on delivering quality treatments to its patients as well as being in the forefront within its field”, says Gustav Thott, Partner at Litorina, and continues “Together with the management team and the therapists, we will focus on accelerating growth and continue to consolidate the market. We plan for a rapid roll-out of clinics in Norway and internationally, with Sweden being the next step on this growth journey. Litorina has extensive experience from investing in and successfully scaling businesses to become pan-Nordic leaders, and subsequently further expand internationally, and we are very pleased that the team of KFA has chosen Litorina as its partner”.
“We are excited to join forces with Litorina and benefit from having a professional owner with the network, knowledge and resources to facilitate our ambitions to accelerate growth and expand into new markets. KFA is a great company with very high patient and therapist satisfaction, based on a sustainable business model. The company is in strong health today thanks to transformative actions in recent years, and the KFA team and I now look forward to initiate the exciting growth journey together with Litorina, always with our patients and therapists in focus”, says Oscar Maaseide, CEO at Klinikk For Alle.
