Terveystalo Healthcare

What Terveystalo Healthcare does

Terveystalo Healthcare Oy (Nasdaq Helsinki: TTALO) is Finland's largest private healthcare service provider, operating 200+ clinic locations and 17 hospitals across the country alongside a 24/7 digital service layer. The company was founded in 2001, is headquartered in Helsinki, and employs more than 10,000 people, including approximately 7,500 healthcare professionals. Its offering spans general and specialist medical care, outpatient surgery, dental services, diagnostic imaging, rehabilitation, mental health support, and hospital services, organized as a platform-plus-modules architecture centered on the Terveystalo mobile application and a network of physical clinics.

The core technology stack integrates a customer-facing mobile app (appointment booking, remote consultations, health records, prescription renewals), an AI-assisted symptom-assessment tool (Oirearvio), an AI-powered 24/7 digital nurse (Digihoitaja), and the Ninchat chat/video telehealth platform, all connected to the Finnish national Kanta health information system for prescriptions and patient data. The company packages occupational health services for corporate clients in five tiers — Smartti (digital-focused, fixed monthly), Auttava (statutory, pay-per-use), Sopiva (preventive, monthly), Sujuva (premium, monthly), and Yrittäjän Verraton (entrepreneur, monthly) — with unit-based pricing for individual services such as tick vaccination and youth psychotherapy.

Terveystalo generates revenue primarily through recurring B2B occupational health contracts (nearly 80% of group revenue via the Healthcare Services business area), supplemented by usage-based individual healthcare payments (with Kela reimbursements), public-sector municipal contracts, and direct insurance billing. The go-to-market combines an enterprise field sales motion segmented by company size and region with direct-to-consumer digital channels (app, online booking, phone). The company is pursuing an active M&A strategy, recently completing acquisitions in imaging (SRK Group, 2024), Åland healthcare (Cityläkarna Mariehamn, 2024), and eye surgery (Silmäsairaala Pilke and Turun Silmälaser, 2025), while pending deals include the EUR 574 million Silmäasema acquisition (announced June 2026) and the EUR 88 million Hohde Group dental/laboratory deal (announced December 2025). In 2025, revenue declined 6.8% while adjusted EBIT rose 11.3%, and 2026 adjusted EBIT guidance is EUR 135-165 million.

Name

Terveystalo Healthcare

Legal name

Suomen Terveystalo Oy

Website

https://terveystalo.com

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Terveystalo Healthcare is Finland's largest private healthcare provider, operating 200+ clinics and 17 hospitals plus a digital telehealth platform, primarily serving corporate employers with tiered occupational health contracts (nearly 80% of revenue) and individual consumers with multi-specialty medical, dental, imaging, and surgical services.

Ownership category

akta.pro rank

Product category

Private Healthcare Services

NAICS

Offices of Physicians (62111), General Medical and Surgical Hospitals (6221)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-General Medical & Surgical Hospitals, Nec (8062)

akta.pro primary industry

Occupational & Employer-Sponsored Primary Care Clinics (HLAFAGAJ)

akta.pro secondary industries

Private/For-Profit Hospital Systems (HLAFAAAF), Primary Care & General Medicine Virtual Care (HLALAAAA), Primary Care & General Medicine Virtual Care (Employer-Sponsored) (HLALADAA), Occupational Health & Employer Clinic Services (HLAEAAAI)

Keywords

• Occupational health services
• Private healthcare services
• Digital healthcare platform
• Outpatient medical services
• Corporate wellness programs

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Occupational Health Services (B2B): Corporate occupational health contracts providing preventive healthcare, sick leave management, and wellness services to employers. Revenue from service fees based on package tiers (Smartti, Auttava, Sopiva, Sujuva) and usage levels. Nearly 80% of Group revenue
2. Individual Healthcare Services (B2C): Direct payments from individual customers for medical consultations, dental services, specialist visits, diagnostic tests, and wellness services. Includes Kela reimbursements for eligible services
3. Public Healthcare Partnerships: Contracts with public sector for providing healthcare services, including the 65+ choice freedom pilot program. Revenue from municipal government healthcare contracts
4. Insurance Billing: Direct billing to health insurance providers for covered services. Revenue from private health insurance companies
5. Work Ability Services: Specialized services for managing work ability, rehabilitation, and return-to-work programs, often in collaboration with pension insurance companies

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

Terveystalo Healthcare operates Finland's largest private healthcare network, delivering general and specialist medical care, occupational health services for corporate employers, outpatient surgery, dental care, hospital services, and digital healthcare through 200+ clinic locations, 17 hospitals, a mobile application, and 24/7 remote consultation services. Occupational health contracts for corporate customers form the dominant revenue stream, complemented by direct-pay individual healthcare services and public sector partnerships.

Product overview

Terveystalo Healthcare is Finland's largest private healthcare service provider operating a multi-channel platform with over 200 clinic locations and 17 hospitals nationwide. The offering is structured as a platform-plus-modules architecture centered on the Terveystalo Application for customer-facing digital services, combined with comprehensive Occupational Health Services (Työterveyspalvelut) offered through tiered service packages: Smartti (digital-focused), Auttava (statutory compliance), Sopiva (preventive care), Sujuva (premium access), and Yrittäjän Verraton (entrepreneur package). The company provides general and specialist medical care, outpatient surgery, dental services, digital healthcare, and hospital services. Strategic acquisitions have expanded capabilities in imaging (SRK Group), eye surgery (Silmäsairaala Pilke, Turun Silmälaser), oral health (Hohde Group), and telehealth technology (Ninchat). The Terve Työpaikka™ collaborative model integrates occupational health with workplace wellbeing programs. Services are accessible through physical locations, the mobile application, remote consultations, and AI-assisted tools like the Oirearvio symptom assessment.

Differentiator

Problem solved

Functional benefit

Brands

• Terve Työpaikka: Occupational health collaboration model for workplaces
• Smartti
• Auttava
• Sopiva
• Sujuva
• Lasten Terveystalo
• Digihoitaja

Products and services

• Occupational Health Services (Työterveyspalvelut) Comprehensive occupational healthcare services for businesses including preventive care, sickness treatment, work ability management, and workplace wellbeing programs. Offered via tiered packages (Smartti, Auttava, Sopiva, Sujuva, Yrittäjän Verraton) for companies of different sizes and needs.
• Terveystalo Hospitals (Terveystalo Sairaala) Hospital services across 17 locations in Finland providing quality surgical and medical care with support throughout the care pathway.
• Digital Healthcare Services Digital health platform enabling remote appointments, video consultations, chat-based care, and AI-powered symptom assessment through the Oirearvio tool. Available 24/7 for digital healthcare services.
• Terveystalo Application Mobile application for customers to book appointments, access remote consultations, view health records, manage prescriptions, and communicate with healthcare providers 24/7.
• Lasten Terveystalo (Children's Healthcare) Specialized healthcare services for children including pediatric specialists and child-friendly care environments.
• Terve Työpaikka Workplace Health Collaboration Collaborative workplace health partnership model combining occupational health, wellbeing services, and digital tools for comprehensive workplace health management.

Quantifiable outcome

• NPS (Net Promoter Score) of 87.4 - indicating very high customer satisfaction
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• MedHelpcoreTechnology or Integration · 1 January 2026Joint venture partnership to launch a new occupational health digital platform. Terveystalo collaborated with MedHelp to develop and deploy digital occupational health services as part of the company's strategic digital platform development. This partnership enhances Terveystalo's digital service offerings for corporate customers.
• BioArctic ABminorStrategic or Co-development Partner · 14 October 2025BioArctic's Leqembi (lecanemab) treatment for early Alzheimer's disease, developed in collaboration with Eisai, was administered to the first patient in the Nordics at a Terveystalo private clinic in Finland. This represents Terveystalo's involvement in innovative pharmaceutical treatments.
• Kanta (Finnish National Repository Services)coreTechnology or IntegrationIntegration with Finnish national health information services (Kanta) for electronic prescriptions, patient data repositories, and MyKanta citizen portal. Terveystalo stores patient information in national information systems maintained by Kela as required by law.
• Kela (Social Insurance Institution of Finland)coreOthersNational health insurance system providing reimbursements for occupational health and healthcare services. Terveystalo processes Kela reimbursements for eligible services as part of standard service delivery.

Scale indicators15 records

Recent moves6 records

Regional players

• Attendo: Attendo is a major Nordic healthcare and social services provider operating primarily in Sweden, Finland, and Denmark. While more focused on elderly care and social services, it shares Terveystalo's Nordic operating footprint and exposure to public-sector outsourcing trends.
• Humana AB: Humana is a Nordic healthcare provider with personal assistance, elderly care, and individual/family health operations, primarily in Sweden and Norway. It is a regional peer in the broader Nordic private healthcare services space but is less focused on occupational health.

Broad incumbents

• Capio (Ramsay Santé): Capio, now part of Ramsay Santé, is a large European private healthcare provider operating hospitals, specialist clinics, and primary care across Sweden, Norway, France, and Germany. It is a broader incumbent with overlapping private hospital and primary care capabilities relevant to Terveystalo's hospital and clinic operations.
• Helios Kliniken: Helios is Germany's largest private hospital operator (part of Fresenius), with a network of acute care hospitals and outpatient centers. It is a broad incumbent comparable to Terveystalo on hospital operations, integrated care delivery, and digitalization strategy, though in a different regulatory and reimbursement environment.
• Ramsay Santé: Ramsay Santé is one of Europe's largest private hospital and clinic operators with a network across France, the Nordics, and beyond. As Capio's parent, it is a broad incumbent comparable to Terveystalo at the consolidated private healthcare platform level.

Direct peers

• Mehiläinen: Mehiläinen is Terveystalo's largest direct competitor in Finland, operating private clinics, hospitals, and occupational health services with a similar national footprint and B2B/B2C dual model. It is the closest like-for-like private healthcare operator in the Finnish market.
• Pihlajalinna: Pihlajalinna is a Finnish private healthcare and social services provider listed on Nasdaq Helsinki, offering primary care, occupational health, and hospital services. It directly overlaps with Terveystalo in occupational health contracts and clinic operations across Finland.
• Previa: Previa is one of Sweden's largest occupational health and workplace wellness providers, offering corporate health services parallel to Terveystalo's Smartti/Auttava/Sopiva/Sujuva packages. It is a direct occupational health peer serving Nordic employers with comparable B2B service models.
• Avonova Hälsa AB: Avonova is a Swedish occupational health and organizational health provider delivering corporate healthcare, rehabilitation, and leadership development to Nordic employers. It competes head-to-head with Terveystalo's occupational health franchise in the cross-border Nordic employer market.

Others

• Terveystalo's Swedish subsidiary Feelgood (Feelgood Svenska AB): Feelgood is Terveystalo's Swedish occupational health subsidiary and one of Sweden's leading workplace health and absenteeism-rehabilitation providers. It is comparable as a Scandinavian occupational health specialist but operates as a wholly-owned subsidiary rather than a direct market competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/terveystalo
• Facebookfacebook.com/terveystalo
• LinkedInlinkedin.com/company/suomen-terveystalo-oy
• Instagraminstagram.com/terveystalo

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Terveystalo Healthcare