Klinikk for Alle (“KFA”) acquires Naprapatlandslaget and further strengthens the position as the clear market leading player within physical manual therapy in the Nordics
Both companies share a strong focus on quality care to patients and aim to always attract the best therapists, and have a proven ability to grow organically in existing clinics and with new greenfields, as well as through strategic acquisitions
The merger of KFA and Naprapatlandslaget builds on a clear industrial logic in which the companies are bringing complementary skills and resources to accelerate further growth and achieve operational excellence
The combined group will initially have around 400 therapists and 62 clinics, supported by central strategic functions, forming a solid platform for continued expansion in existing markets as well as internationally
The current owners of Naprapatlandslaget re-invest significantly in the combined group company, Physical Medicine Group, in which Litorina remains the majority owner
Litorina invested in Klinikk for Alle in January this year, with an aim to build the dominant European player within physical medicine. With the acquisition of Naprapatlandslaget, a large step is taken on this journey, adding a new market (Sweden), naprapathy to the service offering, and almost 100 skilled therapists and 31 clinics in both Sweden and Norway. The combined group, with around 400 therapists across 62 clinics, forms a solid platform for operational excellence and continued growth in existing markets as well as internationally.
“The merger of KFA and Naprapatlandslaget further strengthens our leading position within physical manual therapy in the Nordics, with strong focus on delivering quality treatments to our patients as well as being in the forefront within our fields of profession. Our patients will now benefit from having both improved availability with increased number of clinics and a broader service offering, always at our high treatment and service standard. Moreover, we now have an even stronger platform to grow from going forward. The management teams of KFA and Naprapatlandslaget are very excited to embark on this journey together”, says Oscar Maaseide, Group CEO of Physical Medicine Group.
For further information, please contact:
Oscar Maaseide, +47 900 43 250, Group CEO Physical Medicine Group
Jesper Ask, +47 924 49 057, CEO Naprapatlandslaget / Country Manager Norway, Physical Medicine Group
Gustav Thott, +46 708 55 66 30, Partner, Litorina V Advisor
Klinikk for Alle, founded in 1989, is the market leading manual physical therapy provider in Norway. The company currently operates 31 clinics, with more to open during 2020, and has around 300 therapists performing ca. 425,000 treatments per year. For more information, please visit www.klinikkforalle.no.
Naprapatlandslaget, founded in 2002, is the market leading provider of naprapathy treatments in the Nordics. Today, the company has around 100 therapists across 31 clinics in Norway and Sweden. For more information, please visit www.naprapatlandslaget.se / www.naprapatlandslaget.no.
Litorina, founded in 1998, invests in niche market leading companies with headquarters in the Nordics. Litorina partners with management teams and entrepreneurs that want to take their companies to full potential. Litorina aims to build bigger and better companies by contributing relevant experience and knowledge, resources for expansion and a lot of passion. For more information, please visit www.litorina.se.