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

Oracle Buys Cerner

Oracle Corporation (NYSE: ORCL) and Cerner Corporation jointly announced an agreement for Oracle to acquire Cerner through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in...

Philips and IJsselland Hospital Sign Lon…

Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced it has signed a 12-year strategic partnership with IJsselland Hospital (Capelle aan den Ijssel, The Netherlands)...

Computer Programs and Mobile Apps may He…

The COVID-19 pandemic has had a major impact on mental health across the globe. Depression is predicted to be the leading cause of lost life years due to illness by...

AI Points the Way to Better Doctor-Patie…

A computer analysis of hundreds of thousands of secure email messages between doctors and patients found that most doctors use language that is too complex for their patients to understand...

Could EKGs Help Doctors use AI to Detect…

Pulmonary embolisms are dangerous, lung-clogging blot clots. In a pilot study, scientists at the Icahn School of Medicine at Mount Sinai showed for the first time that artificial intelligence (AI)...

Mayo Clinic Researchers Use AI, Biomarke…

Treatment options for rheumatoid arthritis have often relied on trial and error. Now Mayo Clinic researchers are exploring the use of artificial intelligence (AI) and pharmacogenomics to predict how patients...

Open Call DIGITAL-2021-DEPLOY-01-TWINS-H…

The development of digital twins in healthcare (DTH) has progressed substantially, profiting from advances in science and technology. In order to exploit their benefits in view of better prevention approaches...

Computer Model of Blood Enzyme

Membrane-associated proteins play a vital role in a variety of cellular processes, yet little is known about the membrane-association mechanism. Lipoprotein-associated phospholipase A2 (Lp-PLA2) is one such protein with an...

Mjog by Livi Launches Remote Monitoring …

Mjog by Livi has launched a remote monitoring tool that will help GPs support and monitor people with depression through messages sent to their smartphones. The latest data from the Office...

4.5 Million Euros in EU Funding for Saar…

This year, three computer scientists from Saarbrücken were awarded an "ERC Starting Grant" by the European Research Council. This award, endowed with 1.5 million euros each, is among the most...

2022 EU4Health Work Programme Adopted to…

Today the Commission has adopted the second EU4Health work programme. In 2022, the EU4Health will continue to invest in building stronger, more resilient health systems and pave the way for...

Five NHS Trusts in Surrey and Sussex to …

A consortium of NHS trusts that covers a population of circa 1.2 million will gain immediate access to important patient imaging, and will mobilise a regional workforce for patients, following...