Investcorp signs transaction to acquire a majority stake in Cambio Healthcare Systems

4 Feb 2019

Investcorp, a leading global provider and manager of alternative investment products, today announced that it has signed an agreement to acquire a majority interest in Cambio Healthcare System AB (“Cambio” or “the Company”) from Valedo Partners Fund II AB (“Valedo”) and a group of minority investors.  Cambio’s management team and co-founders 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 United Kingdom, 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.

Daniel Lopez-Cruz, Head of Investcorp’s European Private Equity group, said; “The EHR software market is growing rapidly as hospitals constantly seek to increase the efficiency of their operations and ultimately the quality of their care. Cambio is a strong player in the Nordic market with leading EHR software as well as other competitive eHealth solutions that have the potential to grow beyond its core regional markets. We look forward to working with Cambio’s founders and its exceptional management team as the business expands in the Nordic countries and other international markets. We strongly believe Cambio has the potential to become a successful, and ultimately publicly traded, company and are looking forward to supporting the company on its journey to a future successful listing. “

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 Cambio’s achievements during the last few years where we have launched a number of very innovate software solutions, won several new customers and further deepened our cooperation with existing customers. Following more than six years with Valedo as a majority owner, 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.