CSAM Acquires Optima - Further Boosts eHealth Public Safety Offering

CSAMCSAM Health Group AS ("CSAM"), the leading provider of niche eHealth solutions in the Nordics, today announced it has signed a deal to acquire eHealth player Optima Corporation Ltd from Chicago, USA-based R1 RCM.

With the acquisition of Optima Corporation, CSAM Health Group will bring market-leading Optima products, impressive customer base and skilled teams in Auckland, New Zealand, Chicago, US, and Reading, UK, into the CSAM family.

"Optima's well-established "Predict" and "Live" product solutions expand CSAM Health Group's reach significantly with marquee-level customers within the Public Safety arena already established in New Zealand, Australia, the US, Canada, UK and several other countries, including Norway and Denmark, “confirms Sverre Flatby, CEO, CSAM Health Group.

"In addition, adding valuable and proven software to further boost our rescue services will not only benefit all our clients but also increase CSAM's rapidly growing market presence into new, exciting territories."

The new products will be added to CSAM's growing bouquet of public safety solutions within the eHealth arena, adding Optima's enhanced solutions for optimization of the rescue services through prediction and analytical software and services.

"Our ambition is to be the preferred option for public safety agencies who want advanced operational and planning capabilities that go beyond guesswork, continues Flatby. Combined with the acquisition of Carmenta Public Health in February, Optima brings us one step closer to solidifying our goal of being the market-leading provider of niche eHealth solutions within the public safety domain."

For further information, please visit:
http://www.csamhealth.com

About Optima

Optima provides decision support and data visualisation software and services, enabling more informed strategic and operational planning while supporting real-time critical analysis and decisions.
  • Optima Predict enables concise and accurate analysis, modelling and simulation for an endless range of "what if?" scenarios.
  • Optima Live offers a dynamic, real-time view of emergency resources to support dispatch in making critical decisions.

Acquisition details

  • Signing took place June 30th. Closing of the acquisition will take place June 30, 2021
  • RSM and Haavind have acted as advisors on Financial and Legal matters for CSAM Health Group
  • The Optima products reported sales of 2.8 MUSD in 2020, with a reported EBITDA-margin of -8%
  • The agreed transaction price is 2.75 MUSD and will be settled in cash

CSAM's growing bouquet of benchmark eHealth solutions

CSAM's strategy is to gather the best e-health software services solutions on the market into one unique family to provide a complete portfolio of benchmark. CSAM is harnessing best-of-breed technology and solutions to empower its customers to do what they do best.

About CSAM

CSAM has established itself as a leading Nordic niche player in the specialised eHealth market with a unique blend of best-in-class innovative technology, and outstanding human skills. The company's diverse portfolio of software solutions enables healthcare providers to access relevant clinical information at the point of care. CSAM's commercial headquarters are located in Oslo, Norway. In addition, CSAM has 17 local offices in 10 countries in Europe, Asia and North America.

Most Popular Now

AI Catches One-Third of Interval Breast …

An AI algorithm for breast cancer screening has potential to enhance the performance of digital breast tomosynthesis (DBT), reducing interval cancers by up to one-third, according to a study published...

Great plan: Now We need to Get Real abou…

The government's big plan for the 10 Year Health Plan for the NHS laid out a big role for delivery. However, the Highland Marketing advisory board felt the missing implementation...

Researchers Create 'Virtual Scienti…

There may be a new artificial intelligence-driven tool to turbocharge scientific discovery: virtual labs. Modeled after a well-established Stanford School of Medicine research group, the virtual lab is complete with an...

From WebMD to AI Chatbots: How Innovatio…

A new research article published in the Journal of Participatory Medicine unveils how successive waves of digital technology innovation have empowered patients, fostering a more collaborative and responsive health care...

New AI Tool Accelerates mRNA-Based Treat…

A new artificial intelligence (AI) model can improve the process of drug and vaccine discovery by predicting how efficiently specific mRNA sequences will produce proteins, both generally and in various...

Can Amazon Alexa or Google Home Help Det…

Computer scientists at the University of Rochester have developed an AI-powered, speech-based screening tool that can help people assess whether they are showing signs of Parkinson’s disease, the fastest growing...

AI also Assesses Dutch Mammograms Better…

AI is detecting tumors more often and earlier in the Dutch breast cancer screening program. Those tumors can then be treated at an earlier stage. This has been demonstrated by...

RSNA AI Challenge Models can Independent…

Algorithms submitted for an AI Challenge hosted by the Radiological Society of North America (RSNA) have shown excellent performance for detecting breast cancers on mammography images, increasing screening sensitivity while...

AI could Help Emergency Rooms Predict Ad…

Artificial intelligence (AI) can help emergency department (ED) teams better anticipate which patients will need hospital admission, hours earlier than is currently possible, according to a multi-hospital study by the...

Head-to-Head Against AI, Pharmacy Studen…

Students pursuing a Doctor of Pharmacy degree routinely take - and pass - rigorous exams to prove competency in several areas. Can ChatGPT accurately answer the same questions? A new...

NHS Active 10 Walking Tracker Users are …

Users of the NHS Active 10 app, designed to encourage people to become more active, immediately increased their amount of brisk and non-brisk walking upon using the app, according to...

The Human Touch of Doctors will Still be…

AI-based medicine will revolutionise care including for Alzheimer’s and diabetes, predicts a technology expert, but it must be accessible to all patients. Healing with Artificial Intelligence, written by technology expert Daniele...