News

CORDET has provided an additional loan to CSAM Health AS

CORDET has provided an additional loan to CSAM Health AS

CORDET has provided an additional loan to CSAM Health AS (“CSAM”), majority owned by Management and minority owned by Priveq Investment. The purpose of the new financing package was to support the financing of the acquisition of Paratus from Saab. Paratus is the Swedish market leader and supplier of pre-hospital solutions for secure and optimised rescue and ambulance services.

CORDET provided the first loan to CSAM in December 2017.   

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.