An investment in the future of technology-enabled care
Careium has been listed on Nasdaq First North (short name CARE) since 2021. We are northern Europe’s market leader in technology-enabled care and identify four good reasons to invest in Careium and the future of technology enabled care
1. Careium is transforming elderly care with smart technology
Careium is transforming elderly care with the help of digital technology-enabled care. Today’s and the next generation’s technology-enabled care is becoming increasingly proactive, preventive and predictive. More and new services are increasing the average revenue per service user through increased value for care providers and the elderly.
2. Careium is an active player in a rapidly expanding market
Careium is a market player with a clear growth strategy. The business has grown by an average of 13 percent per year over the past five years through both organic growth and strategic acquisitions. The European market for technology enabled care is estimated to have an average annual growth rate of 5-7 per cent over the next few years, equivalent to a market of EUR 4.1 billion by 2027
3. A business model based on recurring revenue
Careium’s operations are mainly driven by public procurement. The average contract duration is 4-5 years, resulting in long customer relationships and limited cyclical sensitivity. The business model is based on how the service aspect of the offering (software, alarm receiving centres and field
staff), which accounts for approximately 75 per cent of the business, generates substantial recurring revenue over a long period of time.
4. Careium contributes to society’s sustainable development with technology-enabled care that resolves demographic challenges
One of the greatest challenges of our time is taking care of a growing elderly population. Seniors’ need for a safe, active and meaningful everyday life needs to be combined with overcoming challenges such as increasing cost pressures, a shortage of care professionals and safe monitoring of chronic medical conditions. Careium’s digital solutions are an important piece of the puzzle in creating a more sustainable society with both inclusive safety and appropriate resource utilisation through more efficient distribution of society’s resources.