CSAM Health Group AS (“CSAM”), the leading provider of niche eHealth solutions in the Nordics, confirms their strategy for expansion. In addition to sustainable organic growth through proven recurring revenue models, the software specialist is placing it bets on M&A as a key growth tool with a bold trajectory. Previous Chairman of Visma, Gunnar Bjørkavåg, today joined the CSAM board, bringing extensive advisory experience within the mergers & acquisitions arena.
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CSAM provides a growing bouquet of e-solutions for hospitals, health providers and emergency & acute response, and currently serves some of the most prominent health operations in the Nordics. Today CSAM has offices and subsidiaries in 7 countries.
• A newcomer to the Euronext/Oslo Stock Exchange in October 2020, CSAM displayed robust YoY growth in 2020 of 10.9% and recurring YoY revenue growth of 14.4% . The results confirm CSAM as solid and profitable.
• In the last 24 months, CSAM has completed three strategic acquisitions that complement and strengthen its existing solutions offering to the health and emergency sector and healthcare providers.
• The recent announcement of a successful 200 MNOK bond tap issue boosts the company’s outlook on further acquisitions.
A family of solutions
“As the Nordic leader in niche in e-health software services, our strategy is to gather the best solutions on the market into one unique family to provide a complete portfolio of niche solutions, says Sverre Flatby, CEO, CSAM. We are harnessing best-of-breed European technology and solutions to empower our customers to do what they do best.”
“We aim to continue developing our portfolio and team of multi-cultural, skilled professionals through strategic acquisitions. Adding a M&A heavyweight such as Gunnar Bjørkavåg to our Board is an exciting development for CSAM.”
Focus on people
CSAM’s core mantra is its focus on people, combining best-in-class innovative technology and outstanding human skills to enable healthcare providers and emergency response personnel to access the most relevant information at the point of care - seamlessly and efficiently.
“While the aim of our customers is providing the best patient and people care and smooth daily operations, our business is providing easy-to-use tools and scalable solutions that furnish healthcare providers and emergency & acute response personnel with streamlined patient information and data. Our aim is to ensure that our customers can focus on their primary objectives – the well-being of people.”
Contacts:
Media contact
Leslie Johnsen
Interim Communications Director
+47 41 45 80 43
Leslie.johnsen@csamhealth.com
Investor contact:
Einar Bonnevie
Chief Financial Officer
+47 91 55 45 32
einar.bonnevie@csamhealth.com
About CSAM
CSAM has established itself as a leading Nordic niche player in the specialised eHealth market with a unique blend of best-in-class innovative technology, and outstanding human skills. The company’s diverse portfolio of software solutions enables healthcare providers to access relevant clinical information at the point of care. CSAM’s commercial headquarters are in Oslo, Norway. The company also has local offices in Tromsø, Stockholm, Karlstad, Gothenburg, Uppsala, Copenhagen, Helsinki, Oulu, Tampere, Valencia, and Warwickshire, as well as a wholly owned software engineering subsidiary in the Philippines.
For more information, visit www.csamhealth.com.
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