Thursday 22 August 2019

Hazem Ben-Gacem and Yasser Bajsair

Investcorp buys into top Swedish healthcare group

MANAMA, February 4, 2019

Bahrain-based Investcorp, a leader in alternative investment products, has signed an agreement to acquire a majority interest in Sweden-based Cambio Healthcare Systems AB from Valedo Partners Fund II AB and a group of minority investors.

Cambio’s founders and management team will continue to hold a meaningful stake in the company. The transaction remains subject to receipt of customary regulatory approvals.

Cambio operates in the Electronic Health Records (EHR) market, offering software solutions for acute, primary, social and person-centred care. Cambio promotes a holistic view on health and social care and offers an EHR agnostic solution for clinical decision support applicable for all branches of health and social care. The company, which has grown rapidly in recent years, has customers primarily in Sweden, Denmark and the UK, with more than 150,000 users of its software solutions.

Cambio is headquartered in Stockholm, Sweden and has approximately 600 employees, of which the majority are dedicated to research and development as well as software maintenance.

Hazem Ben-Gacem, Co-CEO of Investcorp, said: “We see solid growth potential in Cambio Healthcare System, which has already established itself as a strong player in the European region, offering innovative solutions in a promising healthcare market. We look forward to working with Cambio’s management team and using our expertise to build on their success story.”

Yasser Bajsair, Investcorp’s managing director in Saudi Arabia, said: “The global healthcare industry is witnessing a digitization overhaul, and an investment in Cambio Healthcare Systems allows our clients to be directly exposed to a successful healthcare digital service provider. This acquisition is another step towards further diversifying our healthcare portfolio across the value chain.”

Peter Gille, CEO, Cambio Healthcare Systems, said; “eHealth is increasingly transforming how healthcare is delivered, and is a key enabler for further improvements of quality of care, productivity and patient empowerment. Cambio is clearly one of the leading providers in the Nordic and UK eHealth markets and I am very proud of our achievements during the last few years. We now look forward to continuing Cambio’s growth journey with the support of Investcorp.”

Investcorp’s previous investments in Nordic technology companies include Abax, a leading developer and supplier of vehicle tracking systems technology in Norway; Coresec, a leading cyber security infrastructure and managed services provider in Sweden; and Asiakastieto, Finland’s leading provider of business and credit information which Investcorp took public on the Helsinki Stock Exchange in 2015. – TradeArabia News Service


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