Good afternoon, ladies and gentlemen, and welcome to our conference call and audio cast on today's news. I'm I'm in charge of investor relations here, Terrestrial, our CEO, Irina Renanda, our CFO. I will give a presentation on today's topic, and we'll follow that like with a Q And A. We'll take questions from the phone lines. And then as we have the audiocast available as well.
You can send the questions through the audiocast link in writing if you prefer that. Without further ado, I'll give over to Uts.
Good afternoon. Good morning. I think it's fair to say that we should not make us a habit adding an analyst call every day. But, I think today, it's still worth, worth to take a few minutes. So welcome again from my side.
So today's news, the rest of our acquires, or have signed an agreement that we would acquire Attendos Healthcare of Legends in Finland, of course, pending authority approvals. We'll spend a few minutes talking about the logic. We'll split the presentation into two pieces. I'll talk about She was a strategic logic, and he'll he'll go run through the numerical piece as starts to be our habit. So if I if I take the page 3, so skip the skip the disclaimers and, so so, basically, here here is then they're gonna in the nutshell.
We think we think, combining attend those health care operations and universal loss existing operations would create a unique unique new company with, with, unique set of competencies. And of course, we think they're highly complementary. And not only that, I think we would also create a strong finish owner for Nintendo Healthcare Business. We think this this will prove to be beneficial for a large large array of shareholders we think customer customer will fundamentally benefit, be it the citizen or be it a dating customer from a combination of large larger network, unique set of competencies, universal activities or platform. And then in-depth knowledge that Outdoor Operations has on communities and have public payers.
I think at least as important is the benefits that this will provide for our, for our combined set of employees. I think will provide a unique set of possibilities for health care professionals to develop their careers, be it from early days of career to, to, throughout their careers. Private practitioners or employees. For shareholders, we believe this is value enhancing from basically day 1, but at least we think after cost synergy multiples, I we're talking about a very, very attractive deal. A few key numbers, Ilkka will run through more enterprise value 2, 33,000,000 in cash, implies the EV over adjusted EBITDA at the entry level of 13.3,10.66 including run rate synergies that we will come on to talk about.
This is, this is a subject of Finnish competition and consumer authority. Approval. Therefore, we think it's going to take a few months and, our expectation is to be able to complete at the latter part of 2018. On the page 4, looking at the logic, we really think that it does bring 2 unique industry leading platforms combines them in a unique way. That is 1, it's healthcare focused.
2, it has unique sets of competencies that actually come from managing different sets of customer groups, be it public customers or be it private customers that combine with the network with the digital platforms with a large pool of healthcare professionals, I think, allows us to create a nationwide centralized and decentralized operation that actually is able to be extremely competitive from day 1, but actually will create long term value through, through, through, combining these skills as we go forward. And I think it is with or without the reform. Also if you can talk about the world after the reform, I think it will allow us, to create a highly competitive sotacenter network, faster than we would have been able to do on a standalone basis by the party. On on the page 5, if you look at the key numbers and you can see that, that we have Universal Health, currently a nationwide network that you guys are all aware of. Revenue at 690 full year number EBITDA 10.6, about 9000 professionals, notably 54% of the business are corporate, 37 private, 49% private, sorry, public.
If you look at the Tyndos operation, it's almost a mirror image, still sizable,000,000 of revenue a 7,500,000 EBITA, EBITA and about around 40 units, but 85% of funding comes out of the public sources, only 15% private and corporate, and I think that alone explains the logic. You look at the history though, and I think it's always good to look back every, every now and then before creating the view to future, Here, you have 2 companies that have both few format, at the beginning of 2000, had a very, very path. So I think leading to the situation that we are today, mid 1, which was, which was basically, you know, started back at 2000, is a is a, is a originally a staffing company that has been going into health care outsourcing acquired by Atento. And I think then broaden their portfolios into dental into into a full outsourcing concept, but nevertheless, has to be always a very, very strong operator in public public money and private provisions especially providing expertise and producing in house of public facilities. And first of all, on the other hand, a strong background on health care, occupational health care, private health care, 91% private funding, our system, and our logic is all around network, automation, digitalization, create scales of it, efficiencies of scale through operations.
And And so we we benefit from centralized activity, whereas a tender is a is a true expert on decentralized activity. And I think combining these 2, of course, should be should allow us to cross fertilize knowledge quite deeper. So basically, not to repeat, not not to repeat what has been said. I think the point is that we have a stronger, more versatile niche to what operator capable of delivering cost effective high quality health care, and therefore, we cater in a large, larger group of our customer needs as well as then providing a unique career opportunities for health care professionals throughout their careers. And I think that combination specifically, particularly called billing.
And there you see, then maybe if you dive a little bit deeper, you you look at the logic, I mean, Tesla, you know, our fundamental logic, which is all about combining high quality healthcare with operational efficiency But at the end of the day, having customer patience at heart, we worked hard to create, digital platforms, operational platforms that essentially allow us to run a inherently decentralized system with a very essential efficiency, that then in turn allows us to manage quality, report quality, as well as then co command, I think the industry leading margins, at least to an extent. Now that then combined with the tenders, what I would call unique service model, very knowledgeable on public customers, very strong culture on providing customer value on a public setting, I think they know what I would call from our point of view reverse engineering, which is to be able to provide, high quality healthcare services with limited funding, I. E. To be really good at prioritizing where they effort on also managing a successfully, a professional high quality staffing HR and recruiting pool But combining these, I think, would, again, be competent is that, that neither of them are as efficient on their own that I think we can be together.
And that really, I think, it's just quite a lot of good confidence. Now we are a desired employer by physicians, as well as students, but actually, if you look at it, especially the younger, younger physician group, Atento has a very strong brand name there. There. And, and, of course, again, that is part of the attraction where, where, if you would look at the staff pool that we have, they tend to be more of the specialized type. We're attending, attend those cases.
These tend to be, individuals predominant individuals with, with, beginning of career. And I think that, that whole career perspective for healthcare professionals I think it's a very exciting, thought. Now So strategically, I think it makes sense. At least it makes a lot of sense to me. Numerically, I also it makes a lot a lot of sense, but if we let Ilkka to run through the numbers, so we'll get a little bit clearer view.
Good morning on my behalf as well, on this unit, please. This is a bit different case than I've been to turn the early acquisitions as quickly over the road toll to you. We are more complementary distances. And therefore, in this case, we also see a lot of potential when it comes to the sort of strategic throughoutties and sort of top line synergies. Many of those, we believe, through the acquisition, then then, happen are actionable, straight from the from the closing.
And, and, there's a couple of examples that we believe that are beneficial for the businesses. For example, we are able to utilize their, excellent and well experienced HR services, their staffing services, their Corment Services and, and use those resources and and and competencies within our thermostat of own. Operations and organizations and, and feel sort of, resourcing caps on the, through those resources. On top of that, obviously, a thermostat is especially strong when it comes to the occupational health care Although, our vendors, occupational health care business is not that sizable. It will it would most likely benefit from, from, terrible status competencies.
On the other hand, by combining our dental businesses in which the network is actually, quite a complimentary to each other. We don't have many, many, cities that have, both have units. So So combining those networks and the competencies in terms. In that business, we are able to gain the sort of new scale for our combined rental business. And obviously, it will provide a further cross selling opportunities Upendal business is especially strong in, in, in smaller cities, in smaller locations, whereas our business is stronger in larger Finnish cities.
And, and, we have, like, the clinic hospitals nationwide proximatal 20 of those in larger cities and by building sort of happens further building our Hopin Spoke model from the smaller units from the smaller appenders. Cities to our sort of, larger cities, we are able to sort of build further integrated value chain and the care chain. And obviously, we also believe that pipeline indeed the operations, we are, further still strong, stronger partner due to the, especially to the public sector customers and and, and improve our competitors in that segment, especially. Let me please take a look at the the sort of hard cost synergies. You see, obviously, that there is opportunities in that area as well.
I would probably put it in a, in a sort of 3 baskets. The procurement is obvious. 1, we are more even more attractive client than the customer to our suppliers, when our businesses are gone by the 10 materials or the services, the 10, 10 admin type of indirect sourcing and indirect procurement. On the other hand, like you could tell you, there is some sort of possibilities to combine units, although, not so many, and you are able to gain some some synergies out of out of those, unit tank combinations as well. Last time, the drug element is the admin functions and that sort of harmonized operations in there.
The total amount of the estimated synergies at this moment is roughly about 1,000,000, and we believe that the transaction would be value creating, from the 1st calendar year following the completion. And obviously, there's always implementation costs related to synergies as well as the transaction costs, mostly comprising of taxes as well as the advisor fees. A couple approach of the financing and the leverage impact. We are well prepared for, from the final sale perspective to the transaction and our current lending banks have been, have committed due to finance, the transactions. And in this slide, you can see the leverage impact, 50, 50, leverage yesterday as we announced was at 3.5.
With this sort of illustrative number, numbers based on the March. In fact, the leverage would increase up to 4 times EBITDA, but obviously that excludes 1st deductions. And secondly, that's that the time is is illustrative after closing will take place. I suppose Corinne will take place on the sort of after twenty three months, obviously. And as the boat businesses are a pretty much cash flow generating in nature the actual sort of leverage up is going to be most likely, somewhat lower when the when the actual clothing would then happen, during the autumn before the year end.
Then on the couple of words from the key figures, still, which we published, obviously, should take into account that the Trevor Stellus numbers here are 2017 numbers. We published our first quarter results. With significant growth in all in top line and the profitability yesterday. As well as the append of the Finnish Healthcare operation numbers are based on carve out information and, and based on 20 17 numbers, and therefore, should be taken into account that these, the combined numbers are quite illustrative in nature in that sense. And not including the synergies, which we expect also to realize.
Other key numbers. As you can see, as an example, again, dental units, at the end of 2017, our dental units amount was 18. As we have published, we have already acquired a couple of new entities. Also, our internal network is somewhat larger than that at the moment. And as the opposite, our vendor's dental unit amount includes both the private business, which is complementary or similar to our business as well as of outsourcing locations that they have they have in Dental Business.
And therefore, our numbers also impacted area are not sort of comparable in nature. When it comes to the number of clinics. But, those are the numbers that we have available, and we are able to populous at the moment. Then I think that we can open the lines for the possible questions and continue from that.
Thank you, Ilya and Eberstadt. Do we have any questions from the phone lines? Currently, no telephone questions at this time. Okay. If there are no questions from the audio cast either.
So I believe we'll wrap up. Thank you. Thank you. This does conclude today's conference call. Thank you for your participation.
You may now disconnect.