Top 19 Physical Therapy Practice Investors in the Nordics
Top 19 Physical Therapy Practice Investors in the Nordics
The physical therapy practice industry in the Nordics focuses on rehabilitation and wellness, helping patients recover from injuries and manage chronic conditions. Facilities range from private clinics to hospitals offering physiotherapy, occupational therapy, and specialized rehab programs. Innovative treatment techniques, integrating technology with traditional methods, are gaining traction. As the healthcare sector prioritizes preventive care, the demand for physical therapy services is expanding, ensuring better access and more tailored treatments for diverse populations. Notable trends include the rise of digital health applications and partnerships with tech firms, enhancing patient engagement and outcomes in the physical therapy space.
The list features a mix of private equity firms, corporate investors, and venture capitalists based in key locations across the Nordics, primarily in Stockholm and Helsinki. Established from 1936 to 2019, these investors exhibit varied deal counts for 2024, with some making significant investments like Kinnevik's funding for Joint Academy. Sizes range from small firms with under 10 employees to large corporations with over 10,000. Recognizing growth opportunities contributes to their strategic investment choices in promising sectors, particularly the healthcare field, reflecting an evolving investment dynamic in the physical therapy practice sector.
Top 19 Physical Therapy Practice Investors in the Nordics
1. Almi
- Website: almi.se
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1994
- Headcount: 201-500
- Number of deals in 2024: 7
- LinkedIn: almi-ab
Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Notably, Almi has been involved in several transactions relevant to the health sector, including investments in PainDrainer, which raised significant funds in both seed and venture rounds, focusing on pain management solutions. This indicates Almi's engagement in the health and wellness space, which is closely related to physical therapy practices. Other transactions include investments in companies like Brain Stimulation and Learning To Sleep, which, while not directly related to physical therapy, suggest a broader interest in health-related innovations.
2. EQT Group
- Website: eqtgroup.com
- Type: Private Equity
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1994
- Headcount: 1001-5000
- Number of deals in 2024: 30
- LinkedIn: eqt-partners
EQT Group is a prominent private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in a diverse range of investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by providing expertise in managing varied investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the healthcare sector, including a 20% stake in Ottobock, a leading prosthetics manufacturer, which underscores its commitment to rehabilitation and therapy-related services. Additionally, EQT's acquisition of Icon Group, Australia's largest cancer care service provider, further illustrates its strategic focus on healthcare investments. These transactions highlight EQT's potential interest in the physical therapy practice industry, making it a relevant player in this space.
3. Nordic Capital
- Website: nordiccapital.com
- Type: Private Equity
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1989
- Headcount: 201-500
- Number of deals in 2024: 10
- LinkedIn: nordic-capital
Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, with a notable focus on healthcare and technology. Nordic Capital partners with management teams to drive growth and operational improvements in its portfolio companies, aiming to create long-term value and sustainability. Among its relevant transactions, Nordic Capital acquired AniCura, a significant player in the veterinary healthcare sector, and Alloheim Senioren-Residenzen, a German care home operator. These investments reflect Nordic Capital's commitment to the healthcare industry, which includes potential opportunities in physical therapy practices, even if not directly represented in their current portfolio.
4. Medicover
- Website: medicover.com
- Type: Corporate
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1995
- Headcount: 10001+
- Number of deals in 2024: 2
- LinkedIn: medicover
Medicover is a corporate healthcare provider founded in 1995, headquartered in Stockholm, Sweden. The company specializes in diagnostic and healthcare services, operating a network of medical clinics, hospitals, and laboratories primarily in Central and Eastern Europe and India. Medicover serves both individual consumers and corporate clients, offering a comprehensive range of health services aimed at improving and maintaining well-being. Notably, Medicover has made significant acquisitions in the healthcare sector, including Polaris Medical, a major recovery hospital in Romania, which they acquired to enhance their capabilities in acute patient care and rehabilitation. Other acquisitions, such as CDT Medicus Group and Pelican Hospital, further demonstrate their commitment to expanding their healthcare services, which may encompass physical therapy and rehabilitation services. These strategic moves position Medicover as a key player in the healthcare market, with potential relevance to physical therapy practices.
5. Capio
- Website: capio.com
- Type: Corporate
- Headquarters: Gothenburg, Västra Götaland, Sweden
- Founded year: 1994
- Headcount: 10001+
- LinkedIn: capio
Capio is a corporate investor based in Gothenburg, Västra Götaland, Sweden, founded in 1994. It operates as a private healthcare provider, offering a wide range of services in medicine, surgery, and psychiatry across several European countries, including Sweden, Norway, Denmark, Germany, and France. Capio is part of Ramsay Générale de Santé, which enhances its capacity to deliver comprehensive healthcare services. Notably, Capio has been involved in several acquisitions that expand its healthcare offerings, including the acquisition of Movement Medical I Halmstad in 2011, which is relevant to physical therapy practices. This acquisition, along with others like Legevisitten and Globen Ögonklinik, demonstrates Capio's strategy to enhance its service portfolio, potentially including physical therapy services for patients in need.
6. VNV Global AB
- Website: vnv.global
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1996
- Headcount: 1-10
- Number of deals in 2024: 1
- LinkedIn: vostok-new-ventures-ltd
VNV Global AB is a venture capital investment firm based in Stockholm, Sweden, founded in 1996. The firm focuses on providing capital and expertise to innovative companies across various sectors, including Mobility and Digital Health. VNV Global aims to support mission-driven entrepreneurs in developing scalable and sustainable business models, emphasizing long-term profitability and strong market positions. Notably, VNV Global has been involved in significant transactions within the healthcare sector, particularly with Vezeeta, an Egyptian healthcare platform that has raised substantial funding to expand its digital healthcare services across the Middle East and Africa. This involvement in a healthtech startup highlights VNV Global's interest in the healthcare industry, which could extend to physical therapy practices as part of their broader investment strategy.
7. Terveystalo
- Website: terveystalo.com
- Type: Corporate
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2001
- Headcount: 10001+
- Number of deals in 2024: 2
- LinkedIn: suomen-terveystalo-oy
Terveystalo Oyj is a prominent healthcare provider based in Helsinki, Finland, offering a comprehensive range of health services, including medical consultations, occupational health services, and laboratory tests. Founded in 2001, Terveystalo has grown significantly, with over 10,000 employees and numerous locations across Finland. The company serves a diverse clientele, including private individuals, businesses, and public sector entities, with a strong emphasis on preventive care and treatment solutions. Notably, Terveystalo has made strategic acquisitions to enhance its service offerings in the healthcare sector. In 2022, they acquired Suomen Fysiogeriatria Oy, a company specializing in physiotherapy and rehabilitation services, particularly for the elderly and dementia patients. This acquisition aligns with Terveystalo's goal of expanding its physiotherapy services. Additionally, in 2021, Terveystalo acquired Suomen Hierojakoulut, a massage therapy school, further solidifying its commitment to the physical therapy field. These transactions reflect Terveystalo's strategy to enhance its healthcare services and its active role in the physical therapy practice industry.
8. Innovestor
- Website: innovestorgroup.com
- Type: Venture Capital
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2014
- Headcount: 11-50
- Number of deals in 2024: 12
- LinkedIn: innovestor
Innovestor is an investment management company based in Helsinki, Uusimaa, Finland, specializing in venture capital, real estate, and energy storage. Founded in 2014, Innovestor focuses on providing funding and support to early-stage startups and corporations, particularly in technology and life sciences. Their services include investment advice, corporate venturing, and participation in accelerator programs. Among their notable transactions, Innovestor has invested in Alex Therapeutics, which raised $5,054,713 in March 2023, indicating a commitment to innovative healthcare solutions. They also invested in Sooma, a company that has relevance in therapeutic applications, and Neumirna Therapeutics, which raised over $20 million in a Series A round, further emphasizing their focus on life sciences and healthcare-related ventures.
9. Kinnevik
- Website: kinnevik.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1936
- Headcount: 11-50
- Number of deals in 2024: 10
- LinkedIn: investment-ab-kinnevik
Kinnevik is an investment company based in Stockholm, Sweden, founded in 1936. They partner with innovative entrepreneurs across various sectors, including healthcare, software, marketplaces, and climate tech. Kinnevik provides both capital and operational support to help companies scale and create long-term value. Notably, Kinnevik led a $23 million Series B funding round for Joint Academy, a Swedish digital health firm that specializes in physical therapy solutions. This investment highlights Kinnevik's commitment to redefining healthcare through strategic investments in companies that address pressing global challenges. Additionally, Kinnevik has made significant investments in other healthcare-related firms, such as Babylon, which further demonstrates their active role in the healthcare sector.
10. Össur
- Website: ossur.com
- Type: Corporate
- Headquarters: Reykjavík, Reykjavíkurborg, Iceland
- Founded year: 1971
- Headcount: 1001-5000
- Number of deals in 2024: 1
- LinkedIn: ossur
Össur is a corporate investor based in Reykjavík, Iceland, specializing in medical devices, particularly prosthetics and orthotic solutions. Founded in 1971, the company has established itself as a leader in enhancing mobility for individuals with limb differences and orthopedic conditions. Össur's innovative products cater to both consumers and healthcare professionals, focusing on improving quality of life through advanced technology and support services. In recent years, Össur has made significant acquisitions to bolster its position in the mobility solutions market. Notably, in January 2024, they acquired Fior & Gentz, a German manufacturer of lower limb neuro orthotic components, for approximately EUR 100 million, which underscores their commitment to expanding their orthotic offerings. Additionally, their acquisition of Naked Prosthetics in August 2022, a provider of custom finger prostheses, further enhances their product range for upper limb amputees. These strategic moves highlight Össur's dedication to advancing the field of mobility solutions, making them a relevant player in the physical therapy practice industry.
11. Industrifonden
- Website: industrifonden.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1979
- Headcount: 11-50
- Number of deals in 2024: 9
- LinkedIn: industrifonden
Industrifonden is a venture capital fund based in Stockholm, Sweden, founded in 1979. The firm specializes in investing in early-stage companies, particularly in the fields of Deep Tech, Life Science, and Transformative Tech. They provide financial support and strategic guidance to startups, helping them scale their innovative solutions. Notably, Industrifonden has participated in funding rounds for companies like NuvoAir, which raised funds to expand its digital care platform, potentially impacting physical therapy through decentralized clinical trials. They also invested in BOOST Pharma and Amra, both of which are involved in health technology and digital health, indicating a commitment to supporting innovations that could enhance physical therapy practices. Their focus on creating long-term value through partnerships with passionate founders aligns with the evolving needs of the healthcare sector.
12. Flerie
- Website: flerie.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 2011
- Headcount: 1-10
- Number of deals in 2024: 2
- LinkedIn: flerie
Flerie is a venture capital investment firm based in Stockholm, Sweden, founded in 2011. The firm specializes in life sciences, particularly in biotech and pharmaceutical investments, and has a portfolio of over 30 companies. Flerie provides resources and expertise to help these companies navigate the challenges of drug development. Notably, Flerie has been involved in significant transactions such as the Series A funding for Empros Pharma AB and the Series A financing for Synerkine Pharma, which is developing a treatment for complex regional pain syndrome (CRPS). This condition is often managed with physical therapy, highlighting Flerie's potential relevance to the physical therapy practice industry. Additionally, Flerie has participated in funding rounds for other biotech firms, indicating a strong focus on innovative healthcare solutions.
13. Voima Ventures
- Website: voimaventures.com
- Type: Venture Capital
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2019
- Headcount: 11-50
- Number of deals in 2024: 11
- LinkedIn: voima-ventures
Voima Ventures is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2019. The firm specializes in funding early-stage science-based innovations and deep tech ventures, providing capital and expertise to help startups scale their solutions for global challenges. Voima Ventures operates primarily in the Nordic and Baltic regions and has been active in various sectors, including life sciences. Notably, they have invested in healthtech startups such as Adamant Health, which focuses on health innovations, and Sooma, which raised significant funds for health-related applications. Their involvement in these transactions highlights their commitment to supporting advancements in healthcare, including potential applications in physical therapy.
14. Sentica
- Website: sentica.fi
- Type: Private Equity
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2004
- Headcount: 11-50
- LinkedIn: sentica-partners
Sentica is a private equity firm based in Helsinki, Uusimaa, Finland, founded in 2004. The firm specializes in investment management services, focusing on providing capital and strategic support to businesses seeking growth or restructuring through private equity investments. Notably, Sentica has been involved in significant transactions within the healthcare sector, including the acquisition of Pihlajalinna in December 2009, a company that provides a range of healthcare services, and Arjessa Oy in November 2010, which also operates in the healthcare domain. These transactions highlight Sentica's commitment to investing in businesses that may encompass physical therapy practices, making them a relevant player in this industry.
15. Bonnier Ventures
- Website: bonnierventures.com
- Type: Venture Capital
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 2013
- Headcount: 1-10
- Number of deals in 2024: 1
- LinkedIn: bonnier-ventures
Bonnier Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2013 as the investment division of the Bonnier Group. The firm focuses on providing capital and management support to promising companies in structurally growing industries, including healthcare, media, sustainability, fintech, and SaaS. Notably, Bonnier Ventures has been involved in several transactions relevant to the healthcare sector. For instance, they participated in a €6 million seed funding round for Medoma, a Swedish digital therapy startup that is developing virtual acute wards for patient care at home. This investment aligns with the growing trend of integrating digital solutions into healthcare, which is pertinent to physical therapy practices. Additionally, Bonnier Ventures invested in Doktor.se, a Swedish e-health startup that is expanding its digital healthcare services, further demonstrating their commitment to innovative healthcare solutions. These investments highlight Bonnier Ventures' strategic focus on healthcare, making them a significant player in the industry.
16. AddLife AB
- Website: add.life
- Type: Corporate
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 2016
- Headcount: 1001-5000
- Number of deals in 2024: 3
- LinkedIn: addlife-ab
AddLife AB is a Swedish corporate investor founded in 2016, based in Stockholm, and operates within the Life Science sector, particularly in Labtech and Medtech. The company specializes in providing high-quality medical technology products, assistive equipment, and laboratory solutions to healthcare providers, hospitals, and research institutions across Europe. AddLife operates through a decentralized business model, allowing its subsidiaries to maintain flexibility while leveraging the company's resources. Notable transactions include the acquisition of Edge Medical, which may enhance their portfolio in medical technologies relevant to physical therapy, and the acquisition of Healthcare21, a specialist healthcare organization that could potentially expand their offerings in rehabilitation and therapy solutions. Additionally, their acquisition of Mediplast AB and Väinö Korpinen Oy indicates a broader strategy to enhance their presence in the healthcare market, which may encompass physical therapy-related products and services.
17. Investinor
- Website: investinor.no
- Type: Venture Capital
- Headquarters: Trondheim, Trøndelag, Norway
- Founded year: 2008
- Headcount: 11-50
- Number of deals in 2024: 4
- LinkedIn: investinor
Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. It specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor collaborates with entrepreneurs and other investors, managing state interests in seed and venture funds. Notably, Investinor has invested in healthcare-related companies such as Eyr, a Norwegian e-healthcare company, and EXACT THERAPEUTICS AS, which raised over $13 million in post-IPO equity. Their participation in these transactions highlights their focus on innovative healthcare solutions, making them a relevant player in the physical therapy practice sector.
18. Litorina
- Website: litorina.se
- Type: Private Equity
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1998
- Headcount: 11-50
- LinkedIn: litorina
Litorina is a private equity investment firm based in Stockholm, Sweden, founded in 1998. The firm specializes in private equity investments in Nordic niche market-leading companies, partnering with management teams and entrepreneurs to provide capital, strategic guidance, and operational support. Litorina aims to drive growth and value creation, focusing on well-managed, profitable companies primarily in the business services and consumer sectors. Notably, Litorina acquired Klinikk For Alle (KFA), Norway's leading provider of physical manual therapy, in January 2020. This acquisition, which aims to accelerate KFA's growth and expansion into new markets, particularly Sweden, highlights Litorina's active role in the physical therapy practice industry. KFA has a turnover of approximately NOK 300 million and performs around 425,000 treatments annually across its 30 clinics, showcasing the scale and impact of their investment in the physical therapy sector.
19. Lifeline Ventures
- Website: lifelineventures.com
- Type: Venture Capital
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2009
- Headcount: 1-10
- Number of deals in 2024: 14
- LinkedIn: lifeline-ventures
Lifeline Ventures is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2009. The firm specializes in early-stage investments in startups, providing financial backing and advisory services to entrepreneurs across various sectors. Lifeline Ventures focuses on supporting resilient founders from the inception of their ventures. Notably, they have invested in Meru Health, which raised $4.2 million in a seed round in 2019 and $330,000 in a previous seed round in 2016. Meru Health is involved in mental health solutions, which can be complementary to physical therapy practices. Additionally, they have invested in Sooma, a company that may have relevance in the health technology space, although specific details on its focus are less clear. Their investment in HumanCharger, which raised significant funds in both angel and series A rounds, indicates their interest in health-related innovations. Overall, Lifeline Ventures demonstrates a commitment to health and wellness sectors, making them a potential investor for physical therapy practices.
Physical Therapy Practice Insights: Key Investors in the Nordics
| Investor | Headquarter | Size | Founded | Deals 2024 |
|---|---|---|---|---|
| Almi | Stockholm, Stockholm, Sweden | 201-500 | 1994 | 7 |
| EQT Group | Stockholm, Stockholm, Sweden | 1001-5000 | 1994 | 30 |
| Nordic Capital | Stockholm, Stockholm, Sweden | 201-500 | 1989 | 10 |
| Medicover | Stockholm, Stockholm, Sweden | 10001+ | 1995 | 2 |
| Capio | Gothenburg, Västra Götaland, Sweden | 10001+ | 1994 | 0 |
| VNV Global AB | Stockholm, Stockholm, Sweden | 1-10 | 1996 | 1 |
| Terveystalo | Helsinki, Uusimaa, Finland | 10001+ | 2001 | 2 |
| Innovestor | Helsinki, Uusimaa, Finland | 11-50 | 2014 | 12 |
| Kinnevik | Stockholm, Stockholm, Sweden | 11-50 | 1936 | 10 |
| Össur | Reykjavík, Reykjavíkurborg, Iceland | 1001-5000 | 1971 | 1 |
| Industrifonden | Stockholm, Stockholm, Sweden | 11-50 | 1979 | 9 |
| Flerie | Stockholm, Stockholm, Sweden | 1-10 | 2011 | 2 |
| Voima Ventures | Helsinki, Uusimaa, Finland | 11-50 | 2019 | 11 |
| Sentica | Helsinki, Uusimaa, Finland | 11-50 | 2004 | 0 |
| Bonnier Ventures | Stockholm, Stockholm, Sweden | 1-10 | 2013 | 1 |
| AddLife AB | Stockholm, Stockholm, Sweden | 1001-5000 | 2016 | 3 |
| Investinor | Trondheim, Trøndelag, Norway | 11-50 | 2008 | 4 |
| Litorina | Stockholm, Stockholm, Sweden | 11-50 | 1998 | 0 |
| Lifeline Ventures | Helsinki, Uusimaa, Finland | 1-10 | 2009 | 14 |
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