Solhaga
| Location: | Deal size: |
|---|---|
| Sweden | N/D |
Solhaga is a Swedish care company specialising in providing care services to people with autism through individually tailored care programmes in 46 facilities across the country. These include group/assisted living, daily activities, diagnostics, schools and leisure facilities. The activities are funded by Swedish municipalities who are required under Swedish Law (the LSS act) to ensure proper care to individuals with the most challenging functional impairments.
The market for autism care in Sweden is highly fragmented with over 160 independent providers. There is a current and forecast shortfall in service provision in certain regions and it is believed that municipalities will increase the use of private service provision to meet this demand. Demographics, better diagnosis and increased awareness of autism are also expected to result in future underlying growth of c.5% per annum with the target market for private providers expected to grow faster.
For Bridgepoint Development Capital, Solhaga represents a unique opportunity to invest in the leading player in a highly fragmented market where it can partner with an experienced team to pursue a number of avenues for growth, particularly in consolidating the market with targeted infill acquisitions.