Patientsky sells subsidiaries for DKK 850-900 million.

Patientsky sells subsidiaries for DKK 850-900 million.

PatientSky SaaS Norway AS and PatientSky App have been sold to Danish EG, Patientsky reported in an exchange announcement on Sunday at 23:00.

The e-health company receives between NOK 850 and 900 million from the sale, and will consider using part of the proceeds to repay a NOK 225 million bond loan.

After the loan is sold and paid off, the company estimates that they will have between 650 and 700 million in cash.

– high value

EG has extensive experience from the primary healthcare sector in Denmark, says Patientsky Group Chairman Jesper Melin.

– We are pleased to announce this significant transaction which will give blue chip companies a new committed owner, while at the same time demonstrating that the Patientsky Group has created businesses of great value to society and to the company’s many shareholders.

Among the companies being sold are Hove Medical Systems, Infodoc, PatientSky SaaS Norway, and PatientSky App. They are all used in the primary healthcare sector in Norway, especially by general practitioners, specialist doctors and physiotherapists. The change of ownership will not have a significant impact on those who use the solutions.

“With the addition of PatientSky Norway to our portfolio, we will strengthen our capacity in the Nordic healthcare sector and ultimately ensure the best patient experience,” says Mikkel Bardram, CEO of EG.

carried out in the second quarter

The sale is expected to be completed during the second quarter of 2023. Patientsky will continue to be listed on Euronext Growth after the sale, it was reported.

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Patientsky has not had an easy year on the stock exchange. In the past 12 months, the share price has fallen 58 percent.

Last week, the company presented its fourth-quarter numbers, which showed it was losing more and more focused on cutting costs.

Hanisi Anenih

Hanisi Anenih

"Web specialist. Lifelong zombie maven. Coffee ninja. Hipster-friendly analyst."

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