Esperi Care

What Esperi Care does

Esperi Care Oy is a Finnish residential care services provider operating nationwide through approximately 7,519 customer places across multiple owned and operated care homes. The company delivers three core service lines: elderly care (Ikäihmisten palvelut) including memory-friendly environments with 24/7 nursing, mental health rehabilitation housing (Mielenterveyskuntoutujien palvelut) with peer support and goal-oriented programs, and disability services (Vammaispalvelut) supporting active daily living. A wholly-owned subsidiary, Saga Care Finland Oy, operates complementary elderly service housing. Esperi is owned by Irepse Oy, whose majority shareholder is the Nordic investment firm Triton, with minority positions held by Danske Bank, SEB, and Ilmarinen. Headcount is in the 5,001-10,000 range, and the company is headquartered in Helsinki.

Esperi's operational technology stack centers on a proprietary Turvallinen Koti ("Safe Home") management dashboard that aggregates multi-system indicators into a single real-time view for unit managers, complemented by Net Promoter Score (NPS) tracking deployed across all care homes since 2022 and a four-pillar Quality Index (Laatuindeksi) operational since 2019 covering Good Work, Good Care, Good Life, and Sustainable Economics. The company holds ISO 9001:2015 certification (2024-2027, issued by Labquality), runs ELLI-Lean continuous improvement programs, and has joined the Science Based Targets initiative with approved emissions reduction pathways (42% Scope 1+2 and 51.6% Scope 3 by 2030 versus 2023 baseline).

The business model is a B2B recurring contract structure: 100% of FY2024 revenue of EUR 449.1M came from framework agreements and competitive tenders with Finland's 21 publicly funded welfare areas (hyvinvointialueet). Customer acquisition is sales-led and managed by a dedicated sales and marketing organisation under Director Jani Nurisalo. Growth is delivered through a combination of organic unit openings (3 new units with 115 places in FY2024), strategic acquisitions (3 companies and 1 business purchase adding 82 places), and contract pricing improvements. Operational EBIT reached EUR 49.8M in FY2024 (IFRS 16-adjusted), up 74.1% from EUR 28.6M in FY2023, reflecting improved procurement efficiency and customer pricing.

Name

Esperi Care

Legal name

Esperi Care Oy

Website

https://esperi.fi

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Esperi Care Oy is a Finnish residential care services provider operating 7,519 places nationwide, delivering elderly care, mental health rehabilitation, and disability housing exclusively to Finland's 21 public welfare areas under framework contracts. Owned by Triton-backed Irepse Oy.

Ownership category

akta.pro rank

Product category

Residential Care Services

NAICS

Assisted Living Facilities for the Elderly (623312), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Services for the Elderly and Persons with Disabilities (624120), Nursing and Residential Care Facilities (623), Services for the Elderly and Persons with Disabilities (62412)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Social Services (8300), Services-Skilled Nursing Care Facilities (8051)

akta.pro primary industry

Assisted Living with Enhanced Care / High-Acuity (Aging-in-Place) (HLADABAC)

akta.pro secondary industries

Chronic Care & Complex Care Management (HSABAIAD), Behavioral Health & Cognitive Support Coordination (Dementia, Depression, SUD) (HSABAIAF), Dementia/Alzheimer’s Respite Care (Specialized) (HLADAKAG), Live-In Care (Single Caregiver, 24-Hour Presence) (HSABAHAB)

Keywords

• Residential care services
• Elderly care services
• Mental health rehabilitation
• Disability care services
• Social care housing

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Social Care Services to Public Sector: Esperi generates 100% of its revenue from social care services (hoivapalvelut) delivered exclusively in Finland. Revenue comes from contracts with Finnish welfare areas (hyvinvointialueet) for residential care services including elderly care, mental health rehabilitation, and disability services. Revenue grew to EUR 449.1 million in FY2024, up from EUR 398.4 million in FY2023, driven by expanded capacity and increased customer pricing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Esperi Care provides residential care housing services for elderly individuals, mental health rehabilitation clients, and people with disabilities across Finland. Operating through owned care homes with 7,519 resident places, the company delivers around-the-clock care, memory-friendly environments, supported housing, and rehabilitation programs through framework contracts with Finnish public welfare areas.

Product overview

Esperi Care operates a unified care services portfolio organized into three core service lines: elderly care (Ikäihmisten palvelut), mental health rehabilitation (Mielenterveyskuntujien palvelut), and disability services (Vammaispalvelut). The company provides residential care homes across Finland with services ranging from round-the-clock elderly care to rehabilitation housing for mental health patients and disabled individuals. Esperi Care also operates Saga Care Finland Oy as a subsidiary focused on elderly care service housing. All services emphasize individualized care, resident well-being, and quality of life outcomes, supported by internal quality measurement systems and continuous development programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Ikäihmisten palvelut (Elderly Care Services)

Quantifiable outcome

• NPS tracking across all units with real-time updates and historical data from 2022
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Humana Finland (Mehiläinen Oy)minorStrategic or Co-development Partner · 3 February 2025Esperi Care partnered with Humana Finland to divest one of 21 elderly care units as part of Humana's divestment of 21 units to Mehiläinen Oy for EUR 25 million. The divestment was required by the Finnish Competition Authority to satisfy competition conditions. The transaction received regulatory approval in May 2024 and closed on 3 February 2025.
• Porin Energia (Pori Energy)minorStrategic or Co-development Partner · 1 January 2025Esperi Care signed an origin guarantee agreement with Porin Energia to ensure that all Esperi homes use renewable district heating. This partnership supports Esperi's goal of operating with renewable energy across all its facilities.
• Science Based Targets initiative (SBTi)coreStrategic or Co-development Partner · 1 January 2025SBTi approved Esperi's emissions reduction targets in 2025. Esperi joined the Science Based Targets initiative and committed to reducing Scope 1 and 2 emissions by 42% and Scope 3 emissions by 51.6% by 2030 vs 2023 baseline.
• HartelaminorStrategic or Co-development PartnerHartela is constructing a combined care facility for two operators in Tampere's Hervanta district, which will include Esperi Care homes as one of the operators.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Validia: Finnish disability services and assistive technology provider owned by the Finnish Association of People with Physical Disabilities. Directly competes with Esperi's Vammaispalvelut service line for the same welfare-area contracts.
• Mehiläinen Oy: Finland's largest private healthcare and social care provider, offering residential elderly care, mental health, and disability services to public welfare areas. Directly comparable to Esperi in customer base, service mix, and B2B public-sector GTM model.
• Attendo: Nordic care services operator providing residential elderly care, mental health, and disability housing in Finland and Sweden. Directly comparable in service lines, target customer (Nordic public sector), and operating model.
• Mainio Vire: Finnish social and healthcare services provider offering residential care, mental health rehabilitation, and disability services. Directly competes with Esperi for Finnish welfare-area contracts across all three of Esperi's service lines.

Broad incumbents

• Pihlajalinna: Finnish public-listed healthcare and social services provider with residential care and primary care clinics. Esperi's CEO Stefan Wentjärvi and Sales Director Jani Nurisalo both previously worked at Pihlajalinna, indicating overlapping customer and talent pools.
• Terveystalo: Finland's largest private healthcare company (public-listed), with occupational health, primary care, and growing elderly care services. Overlaps with Esperi in B2B public-sector care delivery and Finnish employer-base relationships.
• Clariane (formerly Korian): Major European residential elderly care, mental health, and home care operator across France, Germany, Belgium, and the Netherlands. Broadly comparable business model, scale, and service portfolio, though operating in different geographies.
• Orpea: Major European residential care, assisted living, and home healthcare services provider across multiple countries. Comparable in service mix, scale, and operational model, though with a different geographic footprint.

Others

• Suomen Hoivatilat: Finnish healthcare real estate company that develops, owns, and leases care properties to operators including Esperi. Indirectly comparable as an enabler/infrastructure provider in the same Finnish care services value chain.

Regional players

• Tukholms Sjukhem: Swedish non-profit care provider operating residential elderly care, palliative care, and rehabilitation. Comparable in service mix and operational model but does not compete in Esperi's Finnish market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC9KdqI8AuxU4Va-0xt4B7Pg
• Facebookfacebook.com/EsperiCare
• LinkedInfi.linkedin.com/company/esperi-care-oy
• Instagraminstagram.com/espericare

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A17 records

Investments

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

Frequently asked questions about Esperi Care