Asker Healthcare Group

What Asker Healthcare Group does

Asker Healthcare Group AB (publ) is a Swedish publicly listed holding company (Nasdaq Stockholm: ASKER) headquartered in Danderyd that operates a decentralized pan-European platform for medical product distribution. Through more than 50 wholly-owned operating companies in 19 countries and three business areas (North, Central, West), Asker supplies medical devices, equipment and consumables — spanning stoma/wound/diabetes/urology, cardiology, surgical, eye surgery, physiotherapy, aesthetics, veterinary and homecare categories — to hospitals, clinics, ambulance services, pharmacies, municipalities, and home-care providers. B2C distribution (notably Bosman in the Netherlands and Diashop's 32 German retail stores plus online) and the Basic HealthCare Services community-health partnership in India round out the customer surface. The group reports over 5,000 employees and FY2025 net sales of SEK 16,787 million (~12% YoY growth).

The core technology stack is intentionally light: Asker does not operate a unified ERP or proprietary commerce platform across the group, but instead layers group-wide governance and shared services (Asker Management Standard, Asker Business School training academy, WhistleB whistleblower system, group procurement, IT integrity, ESG and supply-chain functions) on top of locally run distribution operations. Digital products are emerging via acquisition and partnership, including the OneWound wound-care program, Praxicare clinical decision support (from Praximedico), HNC's ultrasound imaging and reporting software, Aktiv Forsyning self-managing storage (Ascan), and InnoMedicus/RMS offerings in urology and minimally invasive surgery. Certifications include ISO 9001, ISO 13485, ISO 14001, ISO 27001 and ISO 45001, with SBTi-validated climate targets and EcoVadis Platinum sustainability credentials.

Asker's business model is a "Twin Engine" combination of organic growth (local subsidiaries winning tenders, framework agreements and renewing contracts such as the 10-year 4PL contract with Norway's Health Region South-East covering 19 hospitals) and continuous bolt-on M&A — 60+ companies acquired historically, 14 in 2025 alone. Pricing is quote- or tender-based for B2B customers and not publicly disclosed; long-dated multi-year contracts and public procurement dominate. Capital structure is anchored by the SEK 26.8 billion March 2025 Nasdaq Stockholm IPO (lead underwritten by DNB Carnegie, advised by White & Case), with Interogo Long-Term Equity retaining a 40.21% stake, a net debt/adjusted EBITDA target of <2.5x, and a dividend policy of at least 30% of prior-year net profit. The group explicitly targets Adjusted EBITA growth above 15% per year and Adjusted EBITA margin above 10% medium term.

Name

Asker Healthcare Group

Legal name

Asker Healthcare Group AB (publ)

Website

https://asker.com

Company type

Public

Founded year

1964

Operating status

Ipo

Headcount range

1,001–5,000 employees

Short description

Asker Healthcare Group is a Swedish-listed pan-European medical product distribution platform operating 50+ companies across 19 countries, supplying devices, equipment and consumables to hospitals, municipalities, home-care providers and patients, and growing via a twin engine of organic tenders and continuous bolt-on M&A.

Ownership category

akta.pro rank

Product category

Medical Device Distribution

NAICS

Offices of Physicians (62111)

SIC

Services-Health Services (8000), Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)

akta.pro primary industry

Care Navigation, Referral & Digital Front Door Platforms (HLALABAH)

Keywords

• Medical device distribution
• Healthcare logistics services
• Medical consumables supply
• 4PL healthcare logistics
• Medical equipment wholesaling

Headquarters

HQ city

Danderyd

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Distribution and sale of medical products (devices, equipment, consumables): Core revenue stream: pan-European distribution of medical devices, equipment, and consumables to hospitals, clinics, pharmacies, municipalities, home-care providers, and other healthcare customers via 50+ group companies. Mix of one-off product sales and recurring framework/contract business.
2. Healthcare logistics and 4PL services: Onemed Services operates an efficient 4PL operation for medical devices and pharmaceuticals; long-term contracts include the 10-year Health Region South-East (HRSE) contract covering 19 Norwegian hospitals (2018-2027, with four-year extension options).
3. B2C sales of medical devices and consumables: Direct-to-patient/home delivery revenue via Bosman (Netherlands stoma, wound, diabetes, urology), Diashop (Germany diabetes care via 32 shops plus mail-order/online), and related entities.
4. Software, training, and value-added services: Revenue from software (e.g., Praxicare from Praximedico, InnoMedicus urology software, HNC ultrasound imaging and reporting software, Ascan Aktiv Forsyning, OneWound), training, and other value-added services bundled with medical products.
5. Own-brand medical product manufacturing (Evercare Medical): Evercare Medical develops and supplies own-brand medical consumables (e.g., examination gloves) sold across Europe via group distribution channels.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels9 records

Core offering

Asker Healthcare Group is a pan-European holding platform that distributes medical devices, equipment, and consumables to hospitals, clinics, pharmacies, municipalities, and home-care providers through 50+ decentralized group companies across 19 countries. The group also operates 4PL logistics services (Onemed Services), value-added digital tools (OneWound, Praxicare, Decision Support Guide), and selective direct-to-patient channels for stoma, wound, diabetes, and urology home delivery.

Product overview

Asker Healthcare Group is a decentralized pan-European holding platform of more than 50 medical product and solutions companies organized into three business areas (North, Central, West) across 19 countries with 5,000+ employees and SEK 17 billion in revenue. Its 'Twin Engine' strategy combines organic growth of local entrepreneurial subsidiaries (Onemed, Bosman, QRS, Evercare Medical, Diashop, Evivamed, Astomed, Fysiosupplies, Iogen, Pharma Dynamic, Scandivet, Gymo, Med4trade, Ascan/Aktiv Forsyning, Onemed Services) with continuous acquisitions (RMS Medical Devices, Van Heek Medical, Cardio Dépôt, InnoMedicus, HNC, Hugo Technology, Aspironix, Wolturnus, Finmed, GHC/MPF, Oudshoorn, Novus Med, Funktionsverket). The core offering consists of distributing medical devices, equipment, and consumables across stoma/wound/diabetes/urology/cardiology/eye-surgery/aesthetic/veterinary/homecare categories, complemented by digital software products (OneWound wound-care program, Praxicare/Praximedico, Decision Support Guide, ultrasound imaging from HNC), 4PL logistics services (Onemed Services, Ascan/Aktiv Forsyning), and the Asker Business School training academy that includes e-learning modules on Code of Conduct, MDR/IVDR, and Anti-Bribery & Corruption.

Differentiator

Problem solved

Functional benefit

Brands

• Onemed: Flagship Nordic and Baltic brand offering approximately 50,000 stocked medical products covering devices, equipment and consumables, with operations in Sweden, Norway, Denmark, Finland, Estonia, Latvia and Lithuania.
• Bosman
• Evercare Medical
• Diashop
• Evivamed
• Fysiosupplies
• QRS
• Pharma Dynamic
• Onemed Services
• Ascan
• Astomed
• Gymo
• Iogen
• Scandivet
• Med4trade

Products and services

• Onemed Flagship medical supplies brand offering approximately 50,000 stocked medical devices, equipment, and consumables to healthcare providers across the Nordics and Baltics, including Decision Support Guide, OneWound program, and Aktiv Forsyning storage solutions.
• Bosman Netherlands-based medical devices, support, and home delivery services for patients with stoma, wound, diabetes, and urological needs; serves both healthcare institutions and individual patients.
• Diashop Diabetes care products retail chain in Germany operating 32 physical Diashop stores supplemented by mail-order and online sales channels serving individual diabetes patients.
• Onemed Services (4PL Logistics) Fourth-party logistics (4PL) operation for medical devices and pharmaceuticals in Norway; main customer is Health Region South-East covering 19 hospitals and 55% of Norway's population under a 10-year framework contract.
• Ascan Aktiv Forsyning Self-managing storage and inventory management solution that streamlines ordering, delivery, services, and inventory for nursing homes, hospitals, home-care services, and emergency clinics.
• Evercare Medical Own-brand medical consumables manufacturer and supplier across Europe, including examination gloves made from nitrile; investigates energy efficiency in glove manufacturing.
• Evivamed Handelsgesellschaft Wholesale distributor providing medical products for diabetes, wound care, nutrition, and clinic/practice supplies to retailers, pharmacies, and other wholesalers in Germany and Europe.
• QRS Healthcare Specialist in medical equipment and consumables for hospitals, private clinics, ambulance services, and care institutions in the Netherlands and Belgium; direct delivery to healthcare professionals.
• Astomed Leading Nordic distributor of equipment and supplies for aesthetic clinics and beauty salons across Sweden, Finland, and Norway.
• Fysiosupplies Wide range of products for physiotherapy practices and consumers including consumables, exercise materials, measurement and treatment equipment, and complete practice furnishings across Europe (B2B and B2C).
• Scandivet Provider of medical equipment and supplies for animal healthcare adapted for large veterinary hospitals and individual veterinary care in Sweden.
• OneWound Wound Care Program Digital wound-care offering from Onemed Sweden including training, new workflows, and digital decision support to enable safer and more effective wound care for municipalities and healthcare providers.
• Praxicare Software Innovative digital software from Praximedico that supports nursing homes and other healthcare customers with practical digital tools for daily operations.
• Decision Support Guide Service from Onemed that helps healthcare professionals choose the right products to achieve better quality of care and reduced total cost of care.
• HNC Ultrasound Imaging Software Healthcare software including ultrasound imaging and reporting software for diagnostic imaging in the UK market, acquired through HNC.
• Asker Business School Group-owned training academy available online and in-person covering Asker strategy, finance, M&A, sustainability, quality, IT, business ethics, with e-learning modules on Code of Conduct, data protection, GHG accounting, MDR/IVDR, and anti-bribery and corruption.

Quantifiable outcome

• +12% net sales growth in FY2025 (SEK 16,787m); +17% adjusted EBITA growth to SEK 1,594m with 9.5% margin.
• +7 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability8 records

Feature7 records

Partnerships

Four partnerships are on record, tiered major, core and minor.

• Ernst & Young ABmajorImplementation/ SI/ Consulting Partner · 7 May 2026External auditor of Asker Healthcare Group AB; re-elected at the 2026 AGM for the period until the next AGM, with fees paid in accordance with approved invoices.
• White & Case LLPmajorImplementation/ SI/ Consulting Partner · 27 March 2025Legal advisor to Nalka and Asker Healthcare Group AB on the SEK 26.8 billion Nasdaq Stockholm IPO, which commenced trading on 27 March 2025 at SEK 70 per share.
• Basic HealthCare Services (BHS)coreOthers · 22 March 2023Indian not-for-profit organisation supported by Asker in southern Rajasthan, where BHS operates a network of health centres serving rural communities; many are migrant workers in the production of medical supplies, devices and equipment.
• Swedish Civil Contingencies Agency (MSB)minorOthers · 27 February 2023Collaboration partner for the donation of 380 pallets (~16 trucks) of medical supplies to support earthquake victims in Turkey and Syria in February 2023.

Scale indicators17 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• McKesson Corporation: Global healthcare distribution and supply-chain leader with medical-surgical distribution across Europe and the US. Comparable as a broad incumbent medical-products distributor, though larger and more diversified than Asker's European-focused platform.
• Owens & Minor: US-listed medical-products distributor with a Patient Direct (Apria) homecare segment and med-surg distribution across North America and Europe. Comparable as a broad incumbent in medical distribution and homecare supplies, overlapping with Asker's Bosman home-delivery and GHC/MPF homecare acquisitions.
• Henry Schein: Large global distributor of healthcare products to office-based dental, medical, and animal-health practitioners. Comparable to Asker in serving ambulatory providers across multiple specialties, with similar decentralized operating model and software/service value-add (e.g., practice solutions).
• Patterson Companies: US-listed value distributor of dental and animal-health products and services. Comparable in distribution-led model serving healthcare practitioners with consumables and equipment, though focused on North America.
• Cardinal Health: One of the largest US medical-product distributors with significant medical-surgical distribution and at-Home Solutions. Comparable as a broad incumbent in medical-products distribution and home-delivered medical supplies; significantly larger and US-centric.
• Medline Industries: Largest privately held medical-products manufacturer and distributor in the US, with expanding European footprint. Comparable as a broad incumbent medical-surgical distributor with manufacturer-plus-distributor model similar to Asker's Evercare Medical plus group distribution.

Direct peers

• Mölnlycke Health Care: Swedish-headquartered global wound care and surgical solutions provider. Comparable to Asker's OneWound and wound-care offerings (Onemed, Van Heek Medical, Diashop) with overlapping wound-care and surgical product portfolios and European focus.
• Coloplast: Danish global leader in ostomy, continence, wound, and skin-care products, with strong European D2C and institutional channels. Directly comparable to Asker's Bosman stoma/wound/urology home delivery and to Evivamed/Van Heek Medical incontinence product lines.
• Convatec: UK-listed global medical-products company focused on ostomy, continence, advanced wound care, and infusion care. Comparable to Asker's stoma/wound/urology distribution and home-delivery operations through Bosman, Diashop, and acquired Benelux wound-care assets.

Emerging players

• OneMed (legacy / Smedico era): Nordic medical-products distributor now fully absorbed into Asker's flagship Onemed brand across the Nordics and Baltics. Relevant as the historical anchor and namesake of the pan-European platform; comparable as the core Nordic-Baltic distribution brand within Asker.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/asker

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries28 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A28 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Asker Healthcare Group