Attendo's history and ownership

Attendo’s history began in February 1985. It was a time when nearly all health and social care was handled by public monopolies. Hardly anyone realised that private providers could be a part of the Nordic welfare model.

Idea to modernise the care for older people

A few entrepreneurs within the former state company Procordia came up with the idea to modernise the care for older people. They wrote a business plan that focused on offering new, flexible solutions for high quality care in a society with an ageing population.

Despite the tough conditions, they received their first contract for conducting home care services in Stocksund. Today, Attendo has almost 35,000 employees at over 800 units in Sweden, Finland and Denmark. Around 30,000 clients come to us to have their care needs met. We are one of the industry’s leading actors with regard to quality work, and we consistently receive high ratings from customers, relatives and employees.

 

Ownership history

The origins of today’s Attendo come from the wholly state-owned company Procordia, which in the 1980s ran a large number of different operations mainly in consumer goods. At the beginning of the 1990s, Procordia was partly privatised, and Attendo received its first private owner in the form Industri Kapital (known today as IK Investment Partners).

Since 1995, ownership of Attendo has wandered through the two services companies Sodexho and TeleLarm Care, to Bridgepoint and then back to IK Investment Partners.

During these years, key employees and managers in Attendo were offered to buy shares in the company, building the base of the broad ownership among management and employees in Attendo.

In 2015, IK Investment Partners took Attendo to the stock market, where a group of key investors led by Nordstjernan stepped in as main owners of Attendo. Since then, Attendo is a publicly listed share at Nasdaq Nordic in Stockholm.

The current ownership can be found here.