- Our mission
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- Annual report
- Company presentation
Our mission is to improve the health and well-being of the aging population of Finland.
- You and your family get comprehensive and individual care quickly and smoothly.
- Together with us, employers can maintain their employees’ health, ability to work and well-being.
- In cooperation with us, public-sector decision-maker can organise high quality public services in a customer-oriented and cost-efficient way.
- We offer health care professionals meaningful work in an inspiring atmosphere in which they can develop their skills.
Private healthcare services
- Physician services
- Dental care
- Working Life Services
Public healthcare services
- Health centres with customers’ freedom of choice
- Outsourced services
- Public dental care
- Emergency care services and staffing
- Home care services
Public social care services
- Residential care services for the elderly
- Residential care services for the disabled
- Mental health rehabilitation
- Child welfare services
- Non-institutional services within child welfare services
Mehiläinen provides its customers with comprehensive social care and healthcare services. We provide services for private, insurance, corporate and municipal customers.
- Mehiläinen’s outpatient clinics and hospitals: over 750,000 customers in 2018
- Mehiläinen Working Life Services: more than 14,000 employers as customers, occupational healthcare services cover more than 390,000 people
- Mehiläinen’s primary healthcare services: population coverage over 250,000. Over 10,000 people have already registered as Mehiläinen customers through the freedom of choice pilots.
- Hoiva Mehiläinen has over 170 residential care homes with over 6,000 beds around Finland.
- Over 85 % of municipalities or joint municipalities are customers of Mehiläinen.
We provide services for the whole country in over 440 units.
The revenue of the Mehiläinen Group grew in 2018 by EUR 160.4 million (21.2%) over the previous year, reaching EUR 915.9 million. Underlying EBITDA was EUR 108.1 million, an increase of 16.5% compared to 2017. Gross investments excluding acquisitions increased by 68.2% to EUR 34.6 million. Mehiläinen achieved strong profitable growth across all of its businesses. More than half of the growth was accomplished organically, without major acquisitions.
“The positive development of our business was particularly attributable to the strong organic growth of Mehiläinen’s occupational healthcare services, strategic cooperation with our insurance company partners and the start-up of several new agreements for public healthcare services. We also made several small acquisitions and added over 700 new beds for the elderly, disabled and mental health rehabilitees, which is the highest number in company history,” says Herkko Soininen, CFO of Mehiläinen.
The outlook for 2019 is positive for Mehiläinen. As a result of growth projects that have already been completed, revenue is expected to exceed one billion euros for the first time in the Group’s history.
(Figures for 2017 shown in brackets)
- Revenue grew by 21.2% over the previous year, reaching EUR 915.9 million (EUR 755.5 million). Revenue growth excluding acquisitions was 11.4%
- Underlying EBITDA 1) was EUR 108.1 million (EUR 92.8 million). Underlying EBITDA as a percentage of revenue was 11.8% (12.3%).
- EBITDA was EUR 97.3 million (EUR 85.0 million). EBITDA as a percentage of revenue was 10.6% (11.2%).
- Underlying EBITA 2) was EUR 84.8 million (EUR 73.3 million). Underlying EBITA as a percentage of revenue was 9.3% (9.7%).
- EBITA 3) was EUR 74.0 million (EUR 65.4 million). EBITA as a percentage of revenue was 8.1% (8.7%).
- Operating profit was EUR 68.4 million (EUR 59.4 million). Operating profit as a percentage of revenue was 7.5% (7.9%).
- Profit for the financial year was EUR 27.3 million (EUR 37.4 million)
- Tax footprint 4) was EUR 204.1 million (EUR 154.1 million)
- Corporate taxes for the financial year 5) amounted to EUR 18.4 million (EUR 7.5 million).
- Net cash flow from operating activities was EUR 87.3 million (EUR 75.9 million).
- Net cash flow from subsidiaries and business acquisitions was EUR 81.9 million (EUR 65.5 million).
- Investments in tangible and intangible assets were EUR 34.6 million (EUR 20.6 million).
- The average number of personnel was 7,310 FTE (5,888 FTE).
- Net Promoter Score (NPS) was 88 (88).
1) Underlying EBITDA is operating profit before depreciation, amortisation, impairment losses and items affecting comparability.
2) Underlying EBITA is operating profit before depreciation and amortisation arising from business combinations, impairment losses and items affecting comparability.
3) Operating profit before depreciation and amortisation arising from business combinations and impairment losses.
4) Tax footprint including employer’s contributions. The tax footprint of the private practitioners operating at Mehiläinen comes on top of the Mehiläinen’s tax footprint. The tax footprint of the private practitioners amounts to an estimated EUR 59.0 million (EUR 52.8 million).
5) Corporate taxes for the financial year include all income taxes recognised on the profit for the financial year and income taxes recognised during the financial year for adjustments to income in previous periods (does not include deferred taxes).
Read more about Mehiläinen’s year and financial result:
Previous Annual reports:
Mehiläinen Konserni Oy – Financial statements
Ownership of Mehiläinen has been gathered at Mehiläinen Konserni Oy, founded in June 2018. Take a look at the financial statements of Mehiläinen Konserni Oy here.
The history of Mehiläinen
The basis of the operations and development of Mehiläinen lies in its long history. Having more than a hundred years of experience has formed the solid foundation of our expertise.
Development in the 20th century
The history of Mehiläinen began in the 6th of November, 1909, when Reguel Löfqvist, Akseli Koskimies, Walter Sipilä and K.F. Hirvisalo founded the hospital Sairaala O.Y. Mehiläinen on Huvilakatu in Helsinki. The hospital was named after a mythical creature Mehiläinen, the bee, of the Finnish national epic Kalevala.
In the 1930s, Mehiläinen moved to new premises in Töölö, where it has remained to this day. The new and impressive light green building was the centre of attention. The location in the modern, quiet and leafy area of Töölö also received a welcoming response. After just over ten years, the hospital was used as a war hospital by the Finnish Red Cross, and it was damaged in the bombings of Helsinki.
The following decades saw changes which had an impact on the medical centre’s operations, such as the beginning of group appointments and the new Health Insurance Act, which allowed the reimbursement of treatment and examination costs.
Occupational health services began in 1974. Ten years later, the company expanded with the addition of the medical centres of Forum, Hakaniemi, and Vantaa Kielotie. In the 1990s, the occupational health services of Mehiläinen were hit hard by the recession.
Expansion in the 21st century
In the early 21st century, Mehiläinen began its expansion into a national operator. The merger with the Turku-based Tohtoritalo was the first step outside the Helsinki Metropolitan Area. In the following years, the service chain stretched across the country after several acquisitions.
The 100-year-old company quickly diversified its operations to cover oral health, outsourced public health care services, care services, child welfare services, and mental health rehabilitation services.
Merger between Mehiläinen and Mediverkko
Mediverkko was founded in 2002 by Toni Jäntti, Janne-Olli Järvenpää, Antti Marttila, and Carlo Meloni to find a solution to the doctor shortage in Finnish municipalities. In its first years, the company focused on providing on-call services and medical locums. After 2006, Mediverkko quickly began to grow into a national service provider in elderly care services, child welfare services, and dental care services.
Mehiläinen and Mediverkko merged in 2015, becoming the quality leader of the Finnish health and welfare sector.
Pioneer in the industry
Mehiläinen has become a leader in quality and a pioneer in both private and public health care services. Digital technology has also become a permanent part of the services of Mehiläinen and health care in general. As in the past, the most central objective of Mehiläinen is to provide the best possible care for everyone.
Mehiläinen employs over 18,800 employees and private practitioners and provides meaningful opportunities for social and healthcare professionals all along their career path, in over 440 units all over Finland.
The know-how and experience of our professionals are at the core of our services. We invest in quality and expertise as well as individual skill development especially through education and work rotations. Mehiläinen employes a wide range of leading experts. At Mehiläinen, there are physicians with 46 different medical specialities, when overall in Finland there are 50 specialities in use.
Employee satisfaction at an excellent level
In 2018, the response rate to the annual personnel survey was higher than before. Nearly every professional answering the survey finds that their work is meaningful and their work can influence the customer experience. Mehiläinen employees like to come to work, they are inspired by their work and they find that the objectives of work are clear. More than 90 per cent of our personnel find that the values of Mehiläinen as well as helping colleagues and allowing differences are observed at the workplace.
A strong customer orientation could also be seen in the answers: over 90 per cent of the respondents said that they know what their customers expect and that Mehiläinen develops the operations according to the customer feedback received. According to more than 90 per cent of the respondents, Mehiläinen is a developing and dynamic company. Faith in Mehiläinen’s future success is also strong.