Stockholm/Vantaa, June 29th 2023
Software provider for virtual healthcare, Oiva Health Group, formerly VideoVisit, is on course for growth and strengthening its market position with the acquisition of Finnish eHealth software provider, Movendos. This move marks the second acquisition since the partnership with Main Capital Partners in March 2022. Prior to Movendos, Oiva Health Group acquired Danish telehealth software provider Applikator in May of this year, the first step in the group’s internationalization journey. The strategic acquisition of Movendos brings Oiva Health Group another step closer to becoming a leading provider of software services for virtual healthcare and digital clinics in Northwestern Europe.
Movendos is a Finnish eHealth company headquartered in Tampere, which offers solutions for remote appointments and communication, appointment bookings, health screening and surveys, remote coaching tools and a collaboration portal. The company has established a strong position in the Finnish private sector with customers consisting mainly of private clinics and occupational healthcare providers. For over a decade, Movendos has been servicing clients within the healthcare market, such as Occupational Health Helsinki, Pirte and Pihlajalinna.
With the acquisition of Movendos, Oiva Health Group will be able to further strengthen its position in Finland while expanding its product offering, becoming a more comprehensive eHealth provider with a stronger value proposition. The combination creates cross-sell opportunities between both companies’ customer bases as well as a stronger player particularly in public procurement processes. Due to their complementary solutions, the companies already collaborate on tendering processes.
Oiva Health Group strives to continuously increase added value for its customers. Both in its organic growth strategy and in its buy-and-build approach, the company aims to strategically strengthen its product offering and market position, to further position itself as a leading software provider for virtual health care and digital clinics in Northwestern Europe.
Arto Leppisaari, CEO of Movendos
“We are excited to join forces with Oiva Health and confident that together we can create significant value for both companies and our customers. There are great synergies between both companies and we see the combination with Oiva Health as a natural development in our collective journey towards expanding our joint product offering, which provides our customers with digitalized and efficient healthcare.”
Juhana Ojala, CEO of Oiva Health Group
“Joining forces with Movendos is a strategically important step for Oiva Health. This combination allows us to expand our Digital Clinic product suite, especially in the primary care, hospital care and social care segments. We are able to offer our customers a robust, white-labeled online patient portal with fully integrated patient communication features. After the successful healthcare reform in Finland, the new Finnish welfare regions are specifically looking for this kind of advanced digital clinic platform to direct healthcare services online. I am extremely happy to welcome the whole Movendos team into the Oiva Health group!”
Wessel Ploegmakers, Partner at Main Capital Partners
“Since the partnership with Oiva Health Group in March 2022, we have worked towards building a stronger and more sustainable group and have since then seen tremendous growth. The combination will strengthen the group’s international foothold within the Virtual Care market and increase added value for its customers. We will continue to support the group’s growth trajectory and look forward to witnessing their milestones along the way.”
Movendos
Movendos, founded in 2012, is a Finnish eHealth company headquartered in Tampere, which offers solutions for remote appointments and communication, appointment bookings, health screening and surveys, remote coaching tools and a collaboration portal. The company has established a strong position in the Finnish private sector with customers consisting mainly of private clinics and occupational healthcare providers. The company employs 11 FTEs.
Oiva Health
Oiva Health, formerly VideoVisit, is the leading Virtual Care provider in the Nordics, offering a comprehensive Digital Platform for health and care services to digitalize primary healthcare, social care, hospital healthcare and long-term care services. The company was founded in 2010 and currently employs 60 experts in both Finland and Denmark, serving domestic customers and partners, such as City of Helsinki, Pirkanmaa Welfare Region, Länsi-Uusimaa Welfare Region in Finland and Viborg municipality in Denmark with its Virtual Care platform. Oiva Health Digital Platform has been designed in cooperation with healthcare professionals from healthcare and social care sectors. The platform is not only designed for healthcare services: it also connects professionals and care recipients of social care and long-term care on the same digital platform.
Main Capital Partners
Main Capital Partners is a leading software investor in the Benelux, DACH, Nordics and United States. Main has 20 years of experience in strengthening software companies and works closely with the management teams in its portfolio as a strategic partner to achieve sustainable growth and larger outstanding software groups. Main Capital Partners is a leading software investor managing private equity funds active in Northwestern Europe and North America. Main has 60 employees and offices in The Hague, Stockholm, Düsseldorf, Antwerp and an affiliated office in Boston. Main has over 2.2 billion euros in assets under management and currently has an active portfolio of over 40 software groups. Together, these companies provide about 9,000 jobs.
The sender of this release is Main Capital Partners.
For more information please contact
Oiva Health Group
Juhana Ojala, CEO
+358 40 5682182
Main Capital Partners
Wessel Ploegmakers, Partner and Head of the Nordics office
+46 (0)7 32 611 700
wessel@maincapital.se
Movendos
Arto Leppisaari, CEO
+358 50 5117305
arto.leppisaari@movendos.com
