Stockholm, June 17th, 2021 – Alfa eCare, a recognized eHealth software group servicing public and private care providers throughout Sweden, has reached an agreement to acquire Clinicbuddy, a modern provider of electronic health record solutions for private care institutions.
Clinicbuddy, a Stockholm based company, was founded back in 2006. Clinicbuddy provides a comprehensive suite of SaaS solutions servicing around 500 clients with a strong foothold in the private healthcare market. The company has seen an organic ARR growth rate of more than 45% over the last 3 years leveraging its scalable platform. With a high level of flexibility and the modular set-up of the system the company has successfully expanded internationally and today serves clients in nine countries. The product suite is centered around journaling, financial administration and bookings tailored for clients ranging from rehabilitation, specialized surgery, and mental healthcare providers.
The strategic combination of two strong and complementary product offerings further strengthens Alfa eCare as a leading SaaS eHealth player in the Swedish market. This step creates a unique combination of services with solutions ranging from information systems, planning, and journaling to financial management and booking administration for care providers. The joint offering will enable the group to further support the digitization of the healthcare sector as it increases efficiency and streamlines operations for care providers, ensuring a strong position for future value-add to clients and joint growth.
Alfa has an organic growth strategy complemented with smart strategic acquisitions focused on creating a leading player in the Nordic care market. Main Capital supports the group with this strategy leveraging its experience in the European healthcare market with investments in other software groups like Enovation, SDB Group, RVC Medical IT, The Patient Safety Company and Regas.
Albert Winter (Managing Director of Alfa Group): “By joining forces with the Clinicbuddy team we strengthen our footprint in the Swedish market and build out our position in the private care market to support further growth, while simultaneously accelerating our internationalization journey. Through the addition of Clinicbuddy’s smart and scalable solution suite, the Alfa eCare product portfolio becomes even more equipped to support our customers value creation process for end clients.”
Per Svalvik (Managing Partner of Clinicbuddy): “Alfa is a partner we have worked with for several years and we are very pleased to share this news together. We have several synergies and together affect a large part of the healthcare market in the Nordic Region. For Clinicbuddy, it is the right place to be to reach greater heights.”
Charly Zwemstra (Managing Partner Main Capital & Chairman Alfa Group): “Main invested in Alfa eCare to support the company in its next phase of growth. Following the successful integration of its first add-on, Joliv in 2020, the strategic combination with Clinicbuddy means another important step in Alfa eCare’s journey towards becoming a leading Nordic healthcare player. Together with Clinicbuddy, Alfa eCare Group will be able to provide further value to its end clients, reaching over 1000 healthcare providers across both private and public sector customers, with a strong offering well-positioned for further international growth.”
Alfa was founded in 1998 and is based in Malmö, Sweden. In 2020, Alfa joined forces with Joliv, a modern SaaS provider with a strong care planning functionality, under the brand Alfa eCare to further strengthen its offering and market position. The group is a recognized eHealth software company, providing solutions to both public and private healthcare providers throughout Sweden. Alfa services over 500 clients in a wide variety of verticals including municipalities, private care providers, regions, general practitioners, dental care providers and public institutions. Alfa’s broad offering includes both complete information systems and niche products, such as solutions for journaling, electronic prescription, medication management and care planning.
Clinicbuddy was founded in 2006 and is based in Stockholm, Sweden. The company provides eHealth SaaS solutions primarily to private care providers in the Swedish market. The core product is a comprehensive solution for electronic health records keeping supplemented with strong solutions for financial management and patient booking. Clinicbuddy is active across several verticals, servicing clients from rehabilitation, specialized surgery, and mental care institutions. Example customers include Össur, S:t Lukas and the Chiropractisch Centrum voor Rug & Nek.
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics. Main has a long-term horizon around successful partnerships with management teams, with the aim of building larger software groups together. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies. Within the software sector, Main is the most specialized player in management buyouts and later-stage growth capital for acquisitions. An experienced team of professionals manages these strategic investment funds from offices in The Hague, Düsseldorf, and Stockholm.
Main Capital’s current portfolio includes fast growing software and SaaS-software companies such as Paragin (NL, Learning software), FOCONIS (DACH, financial services software), Relyon (NL, fieldservice management), Perbility (DACH, HR software), Pointsharp (SE, Security Software) MACH AG (DACH, government software), Textkernel (NL, HR software), Exxellence (NL, government software), WoodWing (NL, ECM/DAM software), Alfa (SE, healthcare/government software), Optimizers (NL, SCM software), Assessio (SE, HR software), GBTEC (DACH, BPM/GRC software), Onventis (DACH, procurement software), HYPE Innovation (DACH, innovation management software), cleversoft (DACH, RegTech), Enovation (NL, healthcare software), SDB Group (NL, healthcare HR software), Jobrouter (DACH, BPM/WFM software), GOconnectIT (NL, GIS/FSM software), Inergy (NL, BI software), KING Software (NL, ERP/accounting software), Artegic (DACH, marketing software), OBI4wan (NL, social media monitoring software), b + m Informatik (DACH financial services software) and ChainPoint (NL, SCM software).
Successful former companies that grew significantly under Main’s leadership include RVC (NL, healthcare software), Connexys (NL, HR software), Roxit (NL, government software), Axxerion (NL, facilities management software), Ymor (NL, APM software), Onguard (NL, credit management software), Sofon (NL, CRM/CPQ software) and TPSC (NL, healthcare GRC software).
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