Finnish private healthcare company Terveystalo has obtained permission to buy the Finnish branch of Swedish health care giant Attendo from the Finnish Competition and Consumer Authority.
Terveystalo will buy Attendo's healthcare services in Finland for 233 million euros in a deal that will make the Finnish firm the country's largest private healthcare provider.
Terveystalo announced in May 2018 that it would be buying Attendo in a cash deal.
The deal will be completed on December 28, according to a press release from Terveystalo, which has about 9,000 employees, while Attendo's purchased operations will bring add an estimated 1,600 full-time workers to Terveystalo staff to create a total workforce of some 12,000.
As separate entities, Terveystalo and Attendo generated combined revenues of nearly one billion euros in 2017.
Terveystalo's move to snap up Attendo came as Parliament was expected to vote on the Juha Sipilä government's landmark overhaul of social and health care services, which among other changes, would have increased the role of private healthcare providers.
However a vote on the reform package was postponed until early 2019 over roadblocks in consideration of the reform bill in committee stage.