Aspit

Aspit

A company from Seljord with strong growth within technological solutions in the health sector.

HQ location
Seljord, Norway
Website
Launch date
Employees
Company register number
983439977
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DateInvestorsAmountRound
-investor

€0.0

round
investor

€0.0

round
investor

€0.0

round
*

NOK400m

Acquisition
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
NOK20202021202220232024
Revenues00000000000000000000
% growth-23 %11 %12 %9 %
EBITDA00000000000000000000
Profit00000000000000000000
% profit margin(17 %)(58 %)3 %22 %23 %
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Company filings or news article

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More about Aspit
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Aspit AS is a specialized software company providing technology services to the Norwegian healthcare sector. Founded in 2000 and headquartered in Seljord, the company has established a significant presence in the market for electronic health record (EHR) systems. The business operates on a recurring revenue model, offering its cloud-based products through subscription agreements to a clientele of over 6,000 healthcare practitioners, primarily focusing on physical therapists, chiropractors, psychologists, and psychiatrists.

The company's core offerings include the EHR systems Psykbase, tailored for the psychotherapy market, and Physica, designed for physiotherapists. Aspit's product development is centered around creating web-based, user-friendly solutions that allow medical professionals to manage patient records efficiently. A key milestone was a five-year national contract awarded in 2018 by the Norwegian Directorate for e-Health. This partnership led to the development of new solutions, Envision and Capture, which enable clinicians to securely send and receive medical images, videos, and documents. The contract also included the right to manage a national archive for this data. In 2017, the company began a major strategic initiative to completely rewrite its product suite to meet future technological standards.

In June 2021, Aspit was acquired by Nordhealth, a global provider of cloud-based Practice Management Software, for approximately NOK 400 million. At the time of the acquisition, Aspit reported revenues of NOK 67 million in 2020 and had 55 employees. The acquisition aimed to combine resources and technology to accelerate product development and expand service offerings. Dag Helge Haslekås, who served as CEO for twenty years leading up to the acquisition, highlighted the alignment of values between the two companies, including long-term planning and a customer-centric approach.

Keywords: electronic health records, EHR systems, medical records systems, healthcare SaaS, physiotherapy software, psychotherapy software, Psykbase, Physica, Norwegian e-health, clinical software, patient record management, Nordhealth subsidiary, medical imaging solutions, healthcare technology, Seljord, Dag Helge Haslekås, health-tech Norway, recurring revenue model, cloud-based EHR, practice management software

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