CORDET has provided a loan to CSAM Health AS (“CSAM”), majority owned by Management and minority owned by Priveq Investment. The purpose of the financing package was to support the refinancing of existing debt and provide capital for the acquisition of Databyrån för informationsbehandling AB.
CSAM is a leading provider of specialised healthcare software used by most hospitals in the Nordics. Their software solutions are added to the hospitals existing main software solutions. Their products cover medical areas such as: i.) software for emergency services, ii.) medical imaging, iii.) blood management, iv.) maternity, v.) oncology and vi.) connected healthcare. The specialised software components are vital parts of important day-to-day medical procedures in hospitals that rarely change. These long-life products imply recurring software revenue for decades.