Nordhealth

What Nordhealth does

Nordhealth is a Helsinki-headquartered, Euronext Growth Oslo-listed (ticker NORDH) healthcare SaaS company that develops cloud-based practice management software (PMS) for veterinary and therapy professionals. Its portfolio spans two flagship platforms — Provet Cloud for veterinarians and a Therapy Unified Platform encompassing Diarium, Nordhealth Connect, and acquired brands — alongside regional brands Vetera (DACH), Sanimalis (Norway), Vetvision (Denmark), EasyPractice (Denmark), Physica and Psykbase (Norway), and the Navisec digital learning product. Core functionality includes electronic medical records, appointment scheduling, billing, inventory management, customer relationship management, secure patient communication, and telemedicine; an open REST API connects the platforms to accounting software, imaging and lab devices, wholesalers, insurers, and IoT devices such as the Provet Weight Check Point scales-and-microchip reader. The company serves 60,000+ healthcare professionals across 13,000+ clinics in 30+ countries.

Nordhealth operates a hybrid go-to-market combining enterprise field sales for Tier 1 veterinary corporates (IVC Evidensia, AniCura) and therapy groups (Coronaria, Fysios) with a self-serve / product-led growth motion inherited from the EasyPractice acquisition. Revenue is approximately 85% recurring SaaS subscription, supplemented by usage-based add-ons on Nordhealth Connect (video calls, e-signatures, strong authentication). Pricing for therapy plans ranges from EUR 15/user/month (PRO) to EUR 35/user/month (PREMIUM). The business combines organic growth with an aggressive acquisition-led roll-up strategy: six plus acquisitions completed by 2021, followed by Aspit (NOK 400M, 2021), EasyPractice (DKK 110M, 2022), and Vetera (EUR 8.36M plus PetLeo stake, 2022), funded in part by the EUR 120M raised in the May 2021 IPO at a EUR 320M post-money valuation. AI is being integrated as a feature layer (Provet Clinical AI, Diarium AI assistant) but remains early-stage relative to the core PMS offering.

Name

Nordhealth

Legal name

Nordhealth Oy

Website

https://nordhealth.com

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

Nordhealth (Euronext Growth Oslo: NORDH) is a Helsinki-based healthcare SaaS company providing cloud-based practice management software — primarily Provet Cloud for veterinarians and Diarium/Nordhealth Connect for therapists — to 60,000+ professionals across 13,000+ clinics in 30+ countries, combining organic growth with a regional-brand acquisition roll-up strategy.

Ownership category

akta.pro rank

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices18 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. SaaS Subscriptions: Cloud-based practice management software subscriptions generating approximately 85% of total revenue from recurring sources. ARR CAGR of 87% from 2018-2020 with organic ARR CAGR of 46%.
2. Usage-based Add-ons: Additional usage-based charges for video calls (€0.02/minute), electronic signatures (€1.20/signature), and strong authentication (€0.20/identification) on Nordhealth Connect platform

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Nordhealth fundamentally sells cloud-based, vertical SaaS practice management software for veterinary and therapy professionals. Its platforms (notably Provet Cloud for veterinary clinics and Diarium for therapy practices) cover the full clinical workflow including patient records, scheduling, invoicing, and a secure patient communication and online booking module called Nordhealth Connect. The offering is delivered as recurring subscriptions, sold both self-serve to individual practitioners and via direct enterprise sales to large clinical groups.

Product overview

Nordhealth is a healthcare SaaS company offering a portfolio of cloud-based Practice Management Software (PMS) solutions for veterinary and therapy professionals. The product architecture consists of two core flagship platforms: Provet Cloud for veterinarians and the Therapy Unified Platform for therapists. These core platforms are supplemented by acquired regional brands including Sanimalis (Norway), Vetera (DACH region), Vetvision (Denmark), EasyPractice (Denmark), Physica (Norway physiotherapy), and Psykbase (Norway psychotherapy). Nordhealth also offers Nordhealth Connect, a secure patient communication platform with AI assistant capabilities, and Navisec for digital learning. All products are designed to help healthcare professionals improve patient care, increase efficiency, and grow their businesses through practice management, booking, invoicing, patient records, and secure communication features. The company serves over 60,000 healthcare professionals across more than 30 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Provet: Veterinary practice management software that helps users save time and focus on what matters most.
• Diarium
• Sanimalis
• Vetera
• Vetvision
• Physica
• Psykbase
• Nordhealth Connect
• EasyPractice
• Navisec

Products and services

• Provet Cloud Cloud-native veterinary practice management platform for clinics and enterprise veterinary groups, covering patient records, scheduling, invoicing and integrations.
• Diarium Therapy practice management software for physiotherapists, psychologists, speech therapists and other allied health professionals; covers patient records, scheduling, invoicing, online booking and secure patient communication.
• Nordhealth Connect Secure patient–practitioner communication and online booking module for veterinary and therapy practices, with chat-based interaction, booking and reminders integrated into Provet Cloud and Diarium.
• Sanimalis Veterinary practice management software offered as a regional/local brand within the Nordhealth portfolio.
• Vetera Finnish veterinary practice management brand within the Nordhealth portfolio, serving clinics with patient records, scheduling and invoicing.
• Vetvision Veterinary practice management software focused on equine and bovine clinics in the Nordhealth portfolio.
• Physica Physiotherapy practice management software offered as a regional brand within the Nordhealth therapy portfolio.
• Psykbase Psychology practice management software offered as a regional brand in the Nordhealth therapy portfolio.
• EasyPractice Therapy and allied health practice management subscription product offered as a regional brand in the Nordhealth therapy portfolio.
• Navisec Enterprise-grade veterinary practice management software for large veterinary groups in Denmark, part of the Nordhealth portfolio.
• Nordhealth Therapy (Unified Therapy Platform) Unified therapy practice management subscription platform combining patient records, scheduling, invoicing, online booking and secure patient communication across Nordhealth's therapy brands.
• Provet Weight Check Point IoT-integrated weighing device that links physical exam measurements to a patient's record within Provet Cloud.

Quantifiable outcome

• Saves 20 working days per year per clinic with automated weighing and microchip reading
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability7 records

Feature4 records

Partnerships

Two partnerships are on record, tiered minor and supporting.

• PetLeominorStrategic or Co-development Partner · 10 March 2022Nordhealth acquired a 19.26% stake in PetLeo for EUR 0.64M as part of the Vetera acquisition deal, representing a strategic investment in the pet healthcare ecosystem.
• Carnegie ASsupportingOthers · 25 May 2021Acts as sole bookrunner for Nordhealth's private placement and listing on Euronext Growth Oslo.

Scale indicators20 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• ezyVet: Cloud-based veterinary practice management software (now owned by IDEXX). Direct competitor to Nordhealth's Provet Cloud in the cloud veterinary PMS category, serving similar small and mid-market veterinary practices globally.
• SimplePractice: Cloud-based practice management software for private practice health and wellness professionals. Direct competitor to Nordhealth's therapy products (Diarium, EasyPractice, Physica, Psykbase) in serving solo and small-group therapy practices.
• Jane App: Cloud-based practice management software for allied health professionals including physiotherapists, massage therapists, and chiropractors. Direct peer to Nordhealth's therapy portfolio in serving independent health and wellness practitioners.
• TherapyNotes: Cloud-based practice management and EHR software for behavioral health professionals, including psychologists and therapists. Direct competitor to Nordhealth's Psykbase and Diarium in the mental health practice management space.

Broad incumbents

• IDEXX Laboratories: Global leader in veterinary diagnostics and software (acquired ezyVet). Competes with Nordhealth's Provet Cloud in the broader veterinary technology stack, with significantly greater scale and capital.
• Covetrus: Animal health technology and services company offering veterinary practice management software (AVImark, eVetPractice, Cornerstone). Competes with Nordhealth's Provet in the broader vet software ecosystem, primarily in North America.
• AVImark: Veterinary practice management software (part of Covetrus). Established on-premise competitor to Nordhealth's Provet Cloud, primarily serving North American veterinary practices with comprehensive clinical and business management.

Emerging players

• TheraNest: Cloud-based practice management software for mental health, substance abuse, and therapy practices. Competes with Nordhealth's therapy products in the US-based mental health market.
• Power Diary: Cloud-based practice management software for allied health professionals globally. Comparable to Nordhealth's therapy portfolio in functionality and target market, with growing international presence.
• CarePaths: Cloud-based EHR and practice management platform for behavioral health and addiction treatment providers. Comparable to Nordhealth's therapy products in target customer and core EHR/PM functionality.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nordhealth

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

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

M&A3 records

Investments

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

Frequently asked questions about Nordhealth