16 January 2020

Litorina acquires Klinikk For Alle

  • Litorina invests in Klinikk For Alle (“KFA”), the market leading provider of physical manual therapy treatments in Norway

  • With a strong focus on quality care to its patients and attracting the best therapists, combined with a proven ability to expand through greenfields and add-on acquisitions, KFA has delivered strong profitable growth over the past years

  • Litorina will support KFA’s management team in accelerating its growth and consolidation journey in Norway and internationally

  • The acquisition is done in partnership with KFA’s key management and therapists, which remain as significant co-owners

KFA, founded in 1989, is the clear market leading provider of physical manual therapy treatments in Norway, performing around 425,000 treatments per year across its 30 clinics, and with a turnover of approximately NOK 300 million. KFA strives to always provide the highest standard of care to its patients, based on a model which attracts the best therapists by allowing them to fully focus on physical manual therapy in a stimulating working environment, backed by centralised support functions.

The market for physical manual therapy is characterised by low cyclicality and a strong growth outlook primarily driven by an aging population, increasing obesity, lack of physical activity, as well as increased awareness and acceptance of the specialised and preventive care which physical manual therapy offers. Furthermore, as the market is very fragmented, KFA is well positioned as the dominant player to continue driving consolidation and development of the profession.

We are impressed by the development of KFA and what the team has accomplished up until today. KFA has built a truly leading position within physical manual therapy, with strong focus on delivering quality treatments to its patients as well as being in the forefront within its field”, says Gustav Thott, Partner at Litorina, and continues “Together with the management team and the therapists, we will focus on accelerating growth and continue to consolidate the market. We plan for a rapid roll-out of clinics in Norway and internationally, with Sweden being the next step on this growth journey. Litorina has extensive experience from investing in and successfully scaling businesses to become pan-Nordic leaders, and subsequently further expand internationally, and we are very pleased that the team of KFA has chosen Litorina as its partner”.

“We are excited to join forces with Litorina and benefit from having a professional owner with the network, knowledge and resources to facilitate our ambitions to accelerate growth and expand into new markets. KFA is a great company with very high patient and therapist satisfaction, based on a sustainable business model. The company is in strong health today thanks to transformative actions in recent years, and the KFA team and I now look forward to initiate the exciting growth journey together with Litorina, always with our patients and therapists in focus”, says Oscar Maaseide, CEO at Klinikk For Alle.

 

For further information, please contact:

Oscar Maaseide, +47 900 43 250, CEO, Klinikk For Alle
Gustav Thott, +46 708 55 66 30, Partner, Litorina V Advisor

 

Klinikk For Alle (“KFA”) is the market leading manual physical therapy provider in Norway. The company operates 30 clinics employing more than 200 therapists, performing around 425,000 treatments per year. KFA has a turnover of approximately NOK 300m. For more information, please visit www.klinikkforalle.no.

Litorina, founded in 1998, focuses on acquiring and developing Nordic companies together with their management teams. Litorina offers broad and deep expertise both via its own organization and through its network of industrial advisors, helping companies to accelerate growth. For more information, please visit www.litorina.se.