Cambio

Electronic Health Records (Healthcare IT)cambio.se

Cambio is a Swedish eHealth software company that develops and licenses the COSMIC electronic health record system, deployed across the majority of Sweden's healthcare regions for patient record management and clinical documentation.

Company typePrivate
Founded1993
HeadquartersLinköping, Sweden
Headcount501–1,000
GTM typeB2B
OfferingSoftware

What Cambio does

Cambio is a Swedish eHealth software company founded in 1993 and headquartered in Linköping, with 501-1000 employees. The company develops and licenses the COSMIC electronic health record (EHR) system, which is deployed across the majority of Sweden's 21 regional healthcare authorities and is used for patient record management, clinical workflows, and healthcare documentation. Named deployments include Region Stockholm and Region Gotland, with go-lives completed across 10 regions in Q4 2025.

The company's core technology is the COSMIC EHR platform, augmented in June 2025 by the acquisition of Leapscribe, an AI-powered ambient scribe application that automatically converts spoken dialogue from patient consultations into structured medical documentation in real time. This audio-to-text AI capability is integrated as an embedded feature within COSMIC rather than sold as a standalone product, and is the company's primary AI/ML offering. No proprietary training pipelines, research publications, or senior AI research hires are disclosed.

Cambio generates revenue primarily through recurring licensing of COSMIC and ongoing operational support services, sold via direct enterprise sales and formal procurement contracts to Swedish regional healthcare authorities. In Q4 2025 the company reported 34% year-over-year revenue growth and a doubling of EBITDA, reflecting the financial impact of regional go-lives and contract expansions. This growth trajectory is offset by a Sweden eHealth Agency investigation into Cosmic's procurement following 646 reported incidents — including seven deaths — since autumn 2024, which creates material regulatory and renewal risk for a customer base concentrated in public-sector healthcare buyers.

Cambio firmographics

Firmographics

Name: Cambio
Legal name: Cambio
Website: https://cambio.se
Company type: Private
Founded year: 1993
Operating status: Operating
Headcount range: 501–1,000 employees
Short description: Cambio is a Swedish eHealth software company that develops and licenses the COSMIC electronic health record system, deployed across the majority of Sweden's healthcare regions for patient record management and clinical documentation.
Ownership category
akta.pro rank

Cambio industry classification

Industry

Product category: Electronic Health Records (Healthcare IT)
NAICS: Software Publishers (5132), Other Scientific and Technical Consulting Services (54169)
SIC: Services-Prepackaged Software (7372)
akta.pro primary industry: EHR Implementation, Optimization, Training & Managed Services (HLACAAAL)
akta.pro secondary industry: Nursing, Clinical Notes & Documentation Workflow Tools (HLACAAAG)

Keywords

Electronic health records
Healthcare software
Clinical documentation
Ambient scribe AI
EHealth solutions

Where Cambio is headquartered

Location

Headquarters

HQ city: Linköping
HQ country: Sweden
HQ region: Europe

Markets served

Cambio business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

EHR System Licensing and Support: Cambio generates revenue through licensing its COSMIC electronic health record system to Swedish healthcare regions, along with ongoing operational support and development services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Cambio product offering

Product offering

Core offering

Cambio develops, licenses, and operates the COSMIC electronic health record (EHR) system used by the majority of Sweden's regional healthcare authorities for patient record management, clinical workflows, and healthcare documentation. Through its acquisition of Leapscribe (effective June 30, 2025), the company offers an integrated AI-powered ambient scribe that automatically generates structured medical notes from spoken dialogue during patient consultations. Revenue is generated through licensing, implementation, and ongoing operational support under procurement contracts with Swedish regional healthcare bodies.

Product overview

Cambio is a leading Nordic provider of eHealth solutions offering a portfolio centered on its COSMIC electronic health record system, which is used by the majority of Sweden's regions. The company recently acquired Leapscribe to integrate AI-powered ambient scribe functionality (speech-to-text medical documentation) directly into COSMIC, strengthening its AI capabilities for more efficient, patient-centered healthcare delivery.

Differentiator

Problem solved

Functional benefit

Brands

COSMIC: Electronic health record (EHR) system deployed across multiple Swedish regions, used by the majority of Sweden's healthcare regions for managing patient records and clinical workflows.

Products and services

COSMIC Electronic Health Record (EHR) System Cambio's flagship EHR system used by the majority of Sweden's regions for patient record management, clinical workflows, and healthcare documentation. Sold through enterprise procurement contracts to Swedish regional healthcare authorities.
Leapscribe AI Ambient Scribe AI-powered ambient scribe application that automatically generates medical notes during patient consultations by converting spoken dialogue into structured documentation in real time. Acquired via the Leapscribe acquisition and integrated as a fully embedded feature within the COSMIC EHR system.

Companies that use Cambio

Customer profile

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Cambio technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature2 records

Cambio partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

LeapscribecoreStrategic or Co-development Partner · 20 May 2025Cambio acquired Leapscribe, an innovation company that developed an AI assistant for automatic medical note generation during patient consultations. The acquisition effective June 30, 2025 integrates Leapscribe's digital assistant as a fully embedded feature within Cambio's COSMIC EHR system, strengthening Cambio's AI capabilities for healthcare documentation.

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Cambio competitors and assessment

Company assessment

Direct peers

Tietoevry: Tietoevry is a major Nordic IT services and software company with a healthcare division providing EHR and digital health solutions across the Nordics. Directly comparable as a regional EHR and healthcare IT competitor operating in the same Nordic geographies and serving public sector healthcare customers.
DIPS ASA: DIPS is the leading Norwegian EHR provider serving Norwegian hospitals with an integrated electronic patient journal system. Directly comparable as a Nordic regional EHR specialist serving public healthcare regions, similar to Cambio's COSMIC in Sweden.
Dedalus Group: Dedalus is one of Europe's largest healthcare IT companies providing EHR, LIS, and clinical documentation software to hospitals and regional health authorities across multiple European countries. Directly comparable as a large-scale European EHR vendor with multi-region public sector deployments.
CompuGroup Medical: CompuGroup Medical is a leading European eHealth company providing EHR, practice management, and clinical documentation software to physicians, hospitals, and healthcare networks. Comparable as a publicly-traded European EHR vendor serving public sector and ambulatory care providers.

Broad incumbents

Epic Systems: Epic Systems is the largest EHR vendor in the US, serving major hospitals and academic medical centers with comprehensive electronic health record platforms. Comparable as a broad incumbent in the EHR market with comparable clinical documentation, workflow, and ambient AI scribe capabilities.
Oracle Health (Cerner): Oracle Health (formerly Cerner) is one of the largest global EHR vendors serving hospitals, health systems, and government health agencies. Comparable as a broad incumbent with EHR platforms, clinical documentation tools, and a growing AI clinical assistant portfolio.
MEDITECH: MEDITECH is a long-established US-based EHR vendor serving hospitals and health systems with integrated electronic health record platforms. Comparable as a broad incumbent EHR vendor with similar clinical documentation and workflow focus.

Regional players

Systematic: Systematic is a Danish IT company providing healthcare solutions including EHR and electronic patient journal systems to the Danish and broader Nordic healthcare markets. Comparable as a Nordic regional EHR specialist serving public healthcare systems.

Emerging players

Nuance Communications (Microsoft DAX Copilot): Microsoft's Nuance DAX Copilot is an AI-powered ambient clinical documentation solution integrated with EHR systems. Comparable as a competitor in the specific ambient scribe / AI clinical documentation niche that Cambio addresses through its Leapscribe acquisition.

Others

Region Stockholm/Inera (CGM/Epic alternatives in Sweden): Inera is the Swedish public-sector IT company managing digital health infrastructure and national healthcare IT services. Relevant as a Swedish public-sector ecosystem player in healthcare procurement, though not a direct product competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Cambio financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Cambio leadership team

Management profile

Number of profiles

Profiles9 records

Cambio subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Cambio funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors4 records

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

Cambio M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Cambio

What does Cambio do?

Is Cambio a public or private company?

Cambio is a private company. It is classified as private equity controlled and is currently operating.

When was Cambio founded?

Cambio was founded in 1993. It employs 501 to 1,000 people.

Where is Cambio based?

Cambio is headquartered in Linköping, Sweden, in the Europe region.

How does Cambio make money?

One revenue line is on record: EHR System Licensing and Support.

Who are Cambio's main competitors?

Direct peers on record are Tietoevry, DIPS ASA, Dedalus Group and CompuGroup Medical. Broad incumbents are Epic Systems, Oracle Health (Cerner) and MEDITECH. Systematic is listed as a regional player. Nuance Communications (Microsoft DAX Copilot) is listed as an emerging player. Region Stockholm/Inera (CGM/Epic alternatives in Sweden) is listed as an others.

Does Cambio have an API?

No public API is recorded for Cambio.

What industry is Cambio in?

Cambio's product category is Electronic Health Records (Healthcare IT). Its primary akta.pro industry code is HLACAAAL, EHR Implementation, Optimization, Training & Managed Services, with a secondary code of HLACAAAG, Nursing, Clinical Notes & Documentation Workflow Tools. Its NAICS code is 5132 and its SIC code is 7372.