March 2020 | Financial advisory,
tax & legal services

Pihlajalinna Oyj

HomeCase StudiesPihlajalinna Oyj

In all of their medical centres, hospitals, dental clinics, sports centres, and residential homes across Finland, Pihlajalinna offers high-quality social, health, and well-being services aimed at improving the overall quality of life for Finnish people by keeping them healthy.

In 2019, Pihlajalinna’s turnover was 518.6 million euros, employing almost 6000 people. Pihlajalinna joined the main list in Helsinki’s stock exchange in June 2015. 

The Pihlajalinna group has grown strongly over the last few years. Part of this growth has involved a process of reorganisation in which Alder & Sound have helped by providing due diligence services. As Joni Aaltonen, the CEO of Pihlajalinna, puts it: “We were looking for an agile and practical help with producing economic reports surrounding due diligence inspections, and Alder & Sound proved to have that business agility”. Since then, Pihlajalinna have also used A&S for transfer pricing and tax assignments.

Aaltonen particularly appreciates the high level of service that A&S have provided, and he sees them as being partners that are at once reliable and flexible:

There haven’t been any surprises. If any risks have been taken, they were taken with consideration. Often business reorganization happens at quite a pace, but A&S matched this without a problem, and we were able to start the process equally swiftly.

The keen expertise of A&S combined with their cost-effective approach is important to Pihlajalinna. According to Aaltonen, working with A&S has delivered all of this and more, precisely because “the services have been tailored to our needs”.

“We go for long-lasting working relationships with all our customers” notes Toni Turunen, A&S partner in charge of financial advisory services. “It is essential that we really know the customer and their needs, so that we can react quickly and ensure that the highest quality of service is delivered. Our long successful partnership with Pihlajalinna is in my opinion a testament to how this model of relying on experts who have a long-term experience of your company is the right strategy”. 

This interview was conducted in March 2020 by the communication agency, Aava & Bang.


Our financial advisory team is fully committed to offering you the best assignment team in town. The experts assigned to support our customers are all highly experienced. Our focus is especially on medium-size transactions, but in addition to our due diligence services, we also carry out economic modelling and valuations, as well as other transaction services.

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How may we help you? Read more about our services here. 

We want to be a partner and a trusted advisor for our customers on all the important questions. Assignment teams are always set up to meet the individual needs of the customer, so you will have a named contact person to provide you with access to all of our wide-ranging services and our global partner network.

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