Private health care firm Mehiläinen has acquired German hospital services company Dalberg Klinik, which operates near Frankfurt, marking the Finnish firm's first step into the German market.
Mehiläinen, one of Finland's biggest private health care providers, said on Monday that the acquisition will garner the company a licence to offer public and private insurance-based health service in Germany, a market it said was valued at more than 400 billion euros nationwide.
The firm added that the companies signed a share purchase agreement on 11 November and the transaction went into immediate effect.
The company said it aims to expand its operations "through new acquisitions and organic growth," adding that it was in the process of certifying its e-health platform BeeHealthy for the German market.
The firm said its German country manager, Gerald Loos, was appointed to the post earlier this year.
Earlier this year Mehiläinen said it was planning to acquire two Estonian health service firms.