Althea Group

What Althea Group does

Althea Group is a privately held Italian-headquartered provider of integrated, vendor-independent healthcare technology management services, operating from Rome with regional operating hubs across Italy and 15 additional countries in Europe, North America, the UK, and emerging markets. The company serves public and private hospitals, NHS trusts, and national healthcare systems by managing more than 1.4 million medical devices across 2,700+ healthcare facilities with a workforce of approximately 3,000 specialized clinical engineers, biomedical engineers, technicians, and commercial specialists supported by four Centers of Excellence (Milan, Nashville, Theale, Mikolow) and nine specialized workshops covering endoscopy, surgical instrumentation, ultrasound probes, and diagnostic imaging.

The core service portfolio spans biomedical technology maintenance, diagnostic imaging services (including replacement parts and outsourcing), endoscopy equipment solutions, surgical instrumentation, integrated consumables management, and home care solutions, delivered through three commercial structures: Managed Equipment Services (MES), Public-Private Partnerships (PPP), and turnkey projects. Revenue is generated primarily through multi-year subscription-style service contracts (typically 9-10 year terms with annual billing) and large-scale public tenders such as Italy's CONSIP framework and UK NHS procurements, with individual PPP deals disclosed in the EUR 56M-EUR 90M range.

The group was rebranded from Pantheon Healthcare Group in September 2017 after consolidating eight operating companies, and was acquired by F2i SGR, a EUR 6 billion Italian infrastructure fund, in May 2022, with UK operations separately acquired by DWS. CEO Alessandro Dogliani leads the group alongside Chairman Manik Pujara (appointed November 2024) and CFO Enrica Mambelli, with General Counsel Ilaria Ricci appointed in October 2025.

Name

Althea Group

Legal name

F2i Medtech S.p.A.

Website

https://althea-group.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Althea Group is a vendor-independent healthcare technology management provider serving 2,700+ hospitals across 16+ countries with multi-vendor biomedical, diagnostic imaging, and PPP/MES services, backed by Italian infrastructure fund F2i SGR.

Ownership category

akta.pro rank

Product category

Healthcare Technology Management Services

NAICS

Electronic and Precision Equipment Repair and Maintenance (81121), Ambulatory Health Care Services (621)

SIC

Services-Health Services (8000), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Medical Device Connectivity & Interoperability Middleware (MDI, EHR/HL7/FHIR Integration) (HLACAPAJ)

Keywords

• Healthcare technology management
• Medical equipment services
• Managed equipment services
• Clinical engineering outsourcing
• Diagnostic imaging services

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Managed Equipment Services (MES): Long-term agreements providing equipment supply, finance, design, installation and ongoing technical support. Revenue generated through monthly/annual service fees under multi-year contracts with healthcare facilities.
2. Public-Private Partnership (PPP) contracts: Multi-year partnerships with public healthcare systems where Althea provides comprehensive technology management including procurement, maintenance, and operational support. Contracts typically range from 9-10 years with values in the tens of millions of euros.
3. Biomedical technology services: On-site and off-site maintenance and management of biomedical technology at customer facilities. Revenue generated through service contracts with healthcare providers.
4. Diagnostic imaging services: Maintenance and management of diagnostic imaging and radiology equipment including replacement parts and technical support.
5. Turnkey projects: Comprehensive solutions from healthcare facility design to procurement and installation of medical equipment.
6. Outsourcing services: Comprehensive outsourcing of clinical engineering and biomedical technology management functions to healthcare facilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Althea Group provides integrated, vendor-independent healthcare technology management services to hospitals and healthcare systems, covering biomedical equipment maintenance, diagnostic imaging services, endoscopy and surgical instrumentation support, integrated consumables management, and long-term partnership solutions including Public-Private Partnerships (PPP), Managed Equipment Services (MES), and turnkey projects. The company manages over 1.4 million medical devices across more than 2,700 healthcare facilities in 16+ countries.

Product overview

Althea Group is an integrated healthcare technology management provider offering a comprehensive multi-vendor service platform. The company's core offering encompasses Biomedical Technology Services (with off- and on-site staff), Diagnostic Imaging Services (maintenance, replacement parts, and outsourcing), Endoscopy Equipment Solutions, and Surgical Instrumentation Solutions. Partnership Solutions include Public-Private Partnership, Managed Equipment Services, and Turnkey Projects. Additional services include Home Care Solutions, Integrated Consumables Management, and specialized Outsourcing Services. Operational infrastructure includes Centers of Excellence for training and testing (Milan, Nashville, Theale, Mikolow) and a 24/7 Customer Care Centre. The unified platform enables healthcare facilities to manage all medical technologies from design through disposal under single contracts.

Differentiator

Problem solved

Functional benefit

Products and services

• Biomedical Technology Services

Quantifiable outcome

• Up to 30% savings on clinical consumable and device expenditure on vendor-neutral basis
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• PayDosupportingTechnology or Integration · 18 March 2021Italian fintech that developed the Plick payment solution used in partnership with BPPB to digitize and streamline the end-to-end payment process for Althea's supply chain management during the COVID-19 emergency. The platform enables irrevocable payments via SMS, WhatsApp or email without knowing the recipient's IBAN for SEPA transactions.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Sodexo Healthcare: Sodexo Healthcare delivers facility management, biomedical engineering, and technical services to hospitals globally — partially overlapping with Althea in outsourced healthcare support services though focused more broadly on non-clinical facility services.
• ISS A/S Healthcare: ISS Healthcare provides facility services, technical maintenance, and asset management services to hospitals across Europe — adjacent to Althea in hospital outsourced services, particularly in technical and facility management.

Direct peers

• TRIMEDX: TRIMEDX is a US-based clinical engineering and healthcare technology management services provider serving hospitals with multi-vendor medical equipment services — directly comparable to Althea's core offering of vendor-independent biomedical technology management.
• Renovo Solutions: Renovo Solutions is a US-based independent clinical engineering and healthcare technology management services company providing multi-vendor equipment services to hospitals — directly comparable to Althea's vendor-independent biomedical technology management model.
• Crothall Healthcare (Compass Group): Crothall Healthcare provides healthcare technology management and clinical engineering services to US hospitals including imaging, biomedical, and asset management — directly competing with Althea in outsourced healthcare technology services.

Broad incumbents

• Drägerwerk: Dräger is a Germany-based medical and safety technology company providing hospital equipment, service contracts, and PPP-style partnerships across Europe — comparable to Althea in European hospital technology management and PPP delivery.
• Siemens Healthineers: Siemens Healthineers manufactures diagnostic imaging and medical equipment and operates a global services business including managed equipment services — a broad incumbent that overlaps with Althea in imaging services and PPP partnerships.
• Philips Healthcare: Philips Healthcare is a major medical equipment manufacturer with significant service operations and managed equipment service contracts globally — a broad incumbent whose services arm competes with Althea while also serving as an OEM equipment supplier to Althea-led MES deals.
• GE Healthcare: GE Healthcare is a global medical equipment manufacturer that also offers multi-vendor service contracts and managed equipment services — a broad incumbent that competes with Althea both as an OEM service provider and as a partner supplying equipment under Althea's MES contracts.
• Agfa HealthCare: Agfa HealthCare provides imaging IT, radiology solutions, and enterprise imaging services to hospitals globally — a broad incumbent whose imaging services and radiology outsourcing overlap with Althea's diagnostic imaging and outsourcing services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC8FqSP6yi12a7auevd2NYHA
• LinkedInlinkedin.com/company/althea-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Althea Group