NSN Medical

What NSN Medical does

NSN medical AG is a privately held Swiss healthcare holding company founded at the end of 1997 by three anesthesiologists — Dr. med. Hans Neuer, Dr. med. Jörg Sigrist, and Dr. med. Alex Noser — whose surnames form the company name (Neuer, Sigrist, Noser). Headquartered in Winterthur, Switzerland, the company operates as a network of four wholly-owned subsidiaries focused on outpatient and short-stay healthcare services and employs approximately 300 people across the group. The holding company provides centralized strategic leadership, networking within the Swiss healthcare system, and shared support services, while the regional operating subsidiaries retain local anchoring.

The group's portfolio includes Limmatklinik (eye clinic with 2,400+ inpatient cases and 2,300+ ambulatory ophthalmology operations annually), Eulachklinik (ambulatory surgery center treating 2,300+ patients annually, founded September 2013 and led by Dr. med. Sandra Becker), Zentrum für Integrative Onkologie / ZIO (integrative oncology with five locations across German-speaking Switzerland and 19,000+ consultations annually), and narkose.ch (anesthesia services delivering 28,000+ anesthesia procedures annually, founded 1997). Leadership comprises CEO Dr. med. Susanne Stallkamp (also Clinic Director of Limmatklinik), CFO Rainer Blaser (also Geschäftsführer of narkose.ch), ZIO Managing Director Nadine Wilhelm, and a five-member Board of Directors (Verwaltungsrat).

NSN's go-to-market is almost entirely referral-based: patients are acquired through partnerships with regional specialist doctors and treating physicians (Belegärzte) rather than active consumer marketing. The technology stack is built on Microsoft infrastructure — Microsoft Teams for video conferencing, Microsoft Remote Desktop (RDWeb) for remote access, Outlook WebApp and Exchange ActiveSync for email, and VOIP telephony — with HIN-secured email communications to ensure compliant handling of patient data under Swiss healthcare regulations. Revenue is generated through direct billing of patients and insurance carriers under Swiss healthcare tariff systems; pricing is not publicly disclosed. The company has no external private equity or venture capital funding and is founder/physician-owned, with growth funded internally through the multi-location rollout of the ZIO network and incremental expansion of existing subsidiaries.

Name

NSN Medical

Legal name

NSN medical AG

Website

https://nsn.ch

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Outpatient Healthcare Services

NAICS

Offices of Physicians (62111), Ambulatory Health Care Services (621), General Medical and Surgical Hospitals (6221), Offices of Physicians (except Mental Health Specialists) (621111)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Specialty Outpatient Facilities, Nec (8093), Services-Health Services (8000), Services-General Medical & Surgical Hospitals, Nec (8062)

akta.pro primary industry

Integrated Delivery Networks (IDNs) & Multi-Hospital Systems (HLAFAAAC)

Keywords

• Outpatient healthcare services
• Ambulatory surgery centers
• Integrative oncology care
• Ophthalmology clinic services
• Anesthesia service provider

Headquarters

HQ city

Winterthur

HQ country

Switzerland

HQ region

Europe

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Clinical Healthcare Services: Revenue generated from medical services provided to patients at Limmatklinik (eye clinic), Eulachklinik (ambulatory surgery center), and ZIO (integrative oncology center). Services include stationary treatments, ambulatory operations, and consultations.
2. Anesthesia Services: Anesthesia management services provided to partner facilities through narkose.ch subsidiary, handling over 28,000+ anesthesia procedures annually.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

NSN medical AG is a Swiss healthcare holding company that builds, owns, and strategically leads a network of regional healthcare service businesses focused on outpatient and short-stay care. Through its four subsidiaries it delivers eye clinic services (Limmatklinik), ambulatory surgery (Eulachklinik), integrative oncology consultations across five locations (ZIO), and anesthesia services (narkose.ch).

Product overview

NSN medical AG operates as a holding company for a network of four regional healthcare service companies. The group includes Limmatklinik (clinic with ophthalmology focus), Eulachklinik (outpatient surgery center), ZIO (integrative oncology practices across 5 locations), and narkose.ch (anesthesia services). Founded in 1997 by three anesthesiologists, the company focuses on outpatient and short-stay care, maintaining a network of approximately 300 employees across its subsidiaries.

Differentiator

Problem solved

Functional benefit

Products and services

• Limmatklinik Eye clinic and general clinic offering inpatient and outpatient services in the Zürich-West area, with more than 2,400 stationary cases and 2,300+ ambulatory operations annually, led by Klinikdirektorin Dr. med. Susanne Stallkamp.
• Eulachklinik Ambulatory surgery center (Ambulantes OP-Zentrum) in Winterthur treating more than 2,300 patients per year, with Dr. med. Sandra Becker serving as medical director.
• Zentrum für Integrative Onkologie (ZIO) Integrative oncology medical practices operating from five Swiss locations (Zürich, Glarus, Winterthur, Richterswil, Uster), providing more than 19,000 consultations annually.
• narkose.ch Anesthesia service company providing more than 28,000 anesthesia procedures annually to partner facilities, led by Managing Director Rainer Blaser.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Swiss Medical Network: Swiss private multi-clinic and hospital group operating a portfolio of regional facilities across multiple cantons. Highly comparable to NSN as a privately held Swiss multi-specialty healthcare network with a similar hub-and-spoke model.
• Pallas Kliniken: Swiss ophthalmology clinic chain offering both stationary and ambulatory eye care. Direct competitor to NSN's Limmatklinik in ophthalmology services within the Swiss market.
• Vista Augenkliniken und Augenpraxen: Swiss ophthalmology group operating multiple eye clinics and practices. Comparable to Limmatklinik in the same specialty, with similar multi-site outpatient positioning in the DACH region.
• Merian Iseli Klinik: Swiss ambulatory surgery center focused on orthopedic procedures. Direct peer to NSN's Eulachklinik in the ambulatory surgical facility model serving Swiss patients on an outpatient basis.
• Confraternité-Gruppe: Swiss private hospital group with multiple cantonal sites including acute and specialty care. Comparable to NSN as a regionally anchored Swiss private provider with a multi-facility structure.
• Privatklinikgruppe Hirslanden / Andreas Klinik: Specialty clinics within the Hirslanden network delivering ambulatory and short-stay surgical care. Directly comparable to Eulachklinik's ambulatory surgery positioning in the Swiss private market.

Broad incumbents

• Hirslanden (Mediclinic): Largest private hospital group in Switzerland, operating 17 hospitals across cantons. Comparable as an established Swiss private provider, but at significantly greater scale and broader portfolio than NSN's ambulatory/outpatient focus.

Regional players

• Lindenhofgruppe: Bern-based Swiss private hospital group offering inpatient and outpatient services. Comparable as a regional Swiss private healthcare provider, though concentrated in a different canton than NSN's Zürich/Glarus footprint.
• Claraspital: Basel-based private hospital with oncology center. Comparable to ZIO as a Swiss regional oncology provider, though anchored in a different geography (Basel vs. NSN's Zürich/Glarus network).

Others

• Universitätsspital Zürich (USZ): Public university hospital in Zürich offering oncology, ophthalmology, and surgery services. Indirect competitor for patient referrals and physician talent in NSN's core geography, though structurally different as a public-sector institution.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about NSN Medical