Aino Health AB (publ)
Aino Health AB (publ) is a Swedish SaaS company selling the HealthManager work ability management platform to large Nordic and European organisations, using occupational health channel partners and HRIS integrations to reduce sickness absence and automate manager-led early support.
- Company typePublic
- Founded2015
- HeadquartersStockholm, Sweden
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Aino Health AB (publ) does
Aino Health AB (publ) is a Swedish SaaS company providing a Work Ability Management platform, HealthManager, targeted at organisations with 500 or more employees that face elevated sickness absence or low employee engagement. The platform is built around Professor Juhani Ilmarinen's Work Ability House framework and combines real-time absence and HRIS data, root-cause analytics, automated early-support workflows for line managers, conversation templates, action-plan generation, and reporting dashboards; integrations with Personio and Visma Public (Personec-F) handle user provisioning, absence data, and cross-system workflows.
The company monetises through annual per-employee SaaS subscriptions sold via direct enterprise sales and a deep occupational-health partner channel in Finland (Pihlajalinna, Työplus, Ratinan Terveys/Pirte, Työterveys Aalto, Härmämedi, Työterveys Lappica, Finla), with a Personio Marketplace listing extending reach globally. Customer base of 150+ organisations spans Nordic municipalities and wellbeing services counties, European manufacturing and logistics firms, and staffing/BPO companies such as Adecco Group, ArcelorMittal, DHL Supply Chain Sweden, Centric, Transcom, and Konecranes; more than 100,000 employees were covered by the platform as of October 2023. The company holds ISO/IEC 27001 and ISO 9001 certifications, is GDPR-compliant, and is approved by the Swedish Social Insurance Agency as a workplace rehabilitation organiser.
Aino Health is listed on Nasdaq Stockholm First North Growth Market (ticker: AINO), headquartered in Stockholm with wholly-owned subsidiaries in Helsinki (Aino Health Management Oy) and Hamburg (Aino Health Germany GmbH), and serves the Nordics, DACH, the Netherlands, and the UK. As of June 2026, a Finnish-led consortium holding 48.27% of shares has launched a public tender offer at SEK 0.20 per share (implying ~SEK 40.91M / ~USD 4M total equity value) to take the company private, with the acceptance period running July 1 to August 10, 2026.
Aino Health AB (publ) firmographics
Firmographics- Name
- Aino Health AB (publ)
- Legal name
- Aino Health AB (publ)
- Website
- https://ainohealth.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Aino Health AB (publ) is a Swedish SaaS company selling the HealthManager work ability management platform to large Nordic and European organisations, using occupational health channel partners and HRIS integrations to reduce sickness absence and automate manager-led early support.
- Ownership category
- akta.pro rank
Aino Health AB (publ) industry classification
Industry- Product category
- Work Ability Management Software
- NAICS
- Custom Computer Programming Services (541511)
- SIC
- Services-Health Services (8000)
- akta.pro primary industry
- Quality Measurement, Reporting & Benchmarking (HEDIS/Stars/CQM) (HLACAHAC)
- akta.pro secondary industry
- Social Determinants of Health (SDOH) & Equity Measurement (HLAJAJAI)
Keywords
Where Aino Health AB (publ) is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices3 records
Markets served
Aino Health AB (publ) business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Subscriptions: Aino generates revenue primarily through SaaS subscription licenses sold on a per-employee covered basis. Customers (organisations with 500+ employees) pay for platform access covering their workforce. The model includes implementation services and ongoing customer success support.
- Partner Channel Revenue: Revenue is also generated through occupational health partners (Härmämedi, Pihlajalinna, Työplus, etc.) who embed or resell the platform to their own customer bases, particularly in the Finnish public sector. This channel expands reach into public wellbeing organisations and municipalities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Per-employee SaaS subscription model |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Aino Health AB (publ) product offering
Product offeringCore offering
Aino Health provides a SaaS-based Work Ability Management platform (HealthManager) sold primarily on a per-employee subscription basis to organisations with 500 or more employees. The platform combines real-time health and productivity data analytics, automated early support case management, and root cause analysis of sickness absence to help enterprises and public sector organisations reduce sickness absence by 20-60%. The company also offers the Aino Calculator, a free digital tool that estimates cost savings from reducing sickness absence, used for lead generation.
Product overview
Aino Health provides a unified SaaS-based Work Ability Management Platform called HealthManager (also referred to as the Aino SaaS Platform). The core platform combines real-time health and productivity data analytics, automated early support case management, and root cause analysis capabilities to help organizations reduce sickness absence by 20-60%. The product portfolio includes the main HealthManager SaaS platform with integrated modules for exposure checks, reporting dashboards, and conversation guidance, plus the Aino Calculator as a complementary free tool for demonstrating ROI. The platform is designed around Professor Ilmarinen's Work Ability House framework and serves both private companies and public sector organizations, with notable use cases across manufacturing, logistics, healthcare, staffing, and municipal administration.
Differentiator
Problem solved
Functional benefit
Products and services
- Aino SaaS Platform (HealthManager) SaaS-based Work Ability Management platform that provides data-driven insights into work ability, well-being and productivity. Combines real-time dashboards, root cause analysis of sickness absence, automated early support case management and guided manager conversations. Sold primarily on a per-employee subscription basis to organisations with 500+ employees across the Nordics, DACH and UK.
- Aino Calculator
Quantifiable outcome
- Reduces sickness absences by 20-60%
- +5 more outcomes
Companies that use Aino Health AB (publ)
Customer profileNamed customers24 records
Segments4 records
Ideal customer profiles3 records
Aino Health AB (publ) technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability5 records
Feature5 records
Aino Health AB (publ) partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- Työterveys LappicacoreMajor wellbeing organisation Työterveys Lappica selected Aino's SaaS platform to support work ability and wellbeing for approximately 7,000 employees. The partnership enables proactive management of work ability risks and data-driven decision-making within occupational health services.
- Ratinan Terveys Oy (Pirte)coreService agreement with Ratinan Työterveys Oy, the second largest Occupational Health provider owned by public organisations in Finland. First implementation of Aino's SaaS platform planned to go live during Q1 2026 in the Tampere region, aiming to enhance proactive work ability management and employee wellbeing.
- Työterveys Aalto Occupational Health CarecorePartnership facilitated through Työterveys Aalto Occupational Health Care for Wellbeing Services County of Central Finland covering 11,000 employees. Implementation planned within 2025.
- HärmämedicorePartnership agreement with Härmämedi, an occupational health service provider, to provide Aino's Work Ability Management SaaS platform to Härmämedi's occupational health customers. The partnership provides customers with digital tools supporting early support, sickness absence management, return-to-work coordination, and management reporting. The solution will be available during 2H2026.
- PersoniocoreProduct partnership with world leading HR management software provider Personio (6,000+ customer companies globally). The integration enables automated user provisioning, employee lifecycle management, time management data sharing, and cross-system workflow automation. Listed on Personio Marketplace.
- Visma PubliccoreCo-operation with Visma Public, one of the top payroll and HR system providers in the Nordics. Payslips for 250,000 public administration employees are produced monthly with Visma Public's software. The partnership includes a standardised interface between Personec-F and Aino HealthManager, with first welfare counties and cities in Finland already onboarding.
- Pihlajalinna PlccorePartner agreement with Pihlajalinna Plc, one of the big three health and healthcare service providers in Finland, which organises over 200,000 employees in occupational health care services. Pihlajalinna signed 8,000 new HealthManager licenses in Q3 2021 before signing the broader partnership.
- Työplus Yhtiöt OycoreTyöplus Yhtiöt Oy, a regional occupational healthcare provider, partnered with Aino to offer its SaaS platform to customer organisations. The partnership began with the City of Kokkola as the first customer, piloting with 250 employees and expanding to 2,500 total.
- FinlacoreFinnish partner Finla signed two new contracts for HealthManager in December 2019, adding approximately 400 new subscriptions. The contracts represented new verticals (construction and electricity production) for Aino in Finland, validating the partner strategy.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Aino Health AB (publ) competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Aino Health AB (publ) social profiles
Digital presenceAino Health AB (publ) compliance and trust
Trust signalCompliance3 records
Aino Health AB (publ) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aino Health AB (publ) leadership team
Management profileNumber of profiles
Profiles5 records
Aino Health AB (publ) subsidiaries and ownership
Company hierarchySubsidiaries2 records
Aino Health AB (publ) funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aino Health AB (publ) M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aino Health AB (publ)
What does Aino Health AB (publ) do?
Aino Health provides a SaaS-based Work Ability Management platform (HealthManager) sold primarily on a per-employee subscription basis to organisations with 500 or more employees. The platform combines real-time health and productivity data analytics, automated early support case management, and root cause analysis of sickness absence to help enterprises and public sector organisations reduce sickness absence by 20-60%. The company also offers the Aino Calculator, a free digital tool that estimates cost savings from reducing sickness absence, used for lead generation.
Is Aino Health AB (publ) a public or private company?
Aino Health AB (publ) is a public company. It is classified as public and is currently operating.
When was Aino Health AB (publ) founded?
Aino Health AB (publ) was founded in 2015. It employs 51 to 100 people.
Where is Aino Health AB (publ) based?
Aino Health AB (publ) is headquartered in Stockholm, Sweden, in the Europe region.
How does Aino Health AB (publ) make money?
Two revenue lines are on record. SaaS Platform Subscriptions are the primary driver. The others are partner Channel Revenue.
Does Aino Health AB (publ) have an API?
No public API is recorded for Aino Health AB (publ).
What industry is Aino Health AB (publ) in?
Aino Health AB (publ)'s product category is Work Ability Management Software. Its primary akta.pro industry code is HLACAHAC, Quality Measurement, Reporting & Benchmarking (HEDIS/Stars/CQM), with a secondary code of HLAJAJAI, Social Determinants of Health (SDOH) & Equity Measurement. Its NAICS code is 541511 and its SIC code is 8000.