Falck in huge health service fusion
The Danish emergency and assistance giant Falck has merged its healthcare unit, Falck Healthcare, with Previa and Quick Care, the two health companies of TryghedsGruppen, the owner of the insurance company Tryg.
The merger means that the new company, Falck Healthcare Holding, will become Scandinavia’s largest provider of healthcare services for people trying to get back to work after illness and rehabilitation.
“The merger aims to create the preferred health partner for private and public sector companies, as well as insurance and pension companies in Scandinavia,” Allan Søgaard Larsen, the head of Falck, said in a press release.
The deal will see TryghedsGruppen become a 40 percent stakeholder in Falck Healthcare Holding and a 2.3 percent stakeholder in Falck Holding.
Both Previa and Quick Care have extensive experience in the health markets in Scandinavia with almost a million Swedes being able to call on Previa for rehabilitation, health checks and improved working environments. Quick Care helps Danes and Norwegians on public support to reduce their illness period, thus speeding up their return to the labour market.
The merged company, Falck Healthcare Holding, will have a turnover of about 2.2 billion kroner and 2,000 employees.