Capmed

What Capmed does

Capmed OÜ is an Estonian private capital investment and holding company that acquires and manages businesses in the healthcare and social services sectors. The company is headquartered at Karjavälja 4, Tallinn, and identifies the Baltic States — Estonia, Latvia, and Lithuania — as its operating geography, though all current portfolio activity is concentrated in Estonia. Capmed invests in growing companies with strong management teams, with a stated focus on providing growth capital and strategic support to portfolio companies rather than building technology products.

Capmed's portfolio currently consists of five active wholly-owned subsidiaries plus two realized exits: Südamekodud, described as Estonia's largest elderly care service provider operating modern nursing homes nationwide; Karell Kiirabi, one of Estonia's largest round-the-clock ambulance service providers operating across multiple regions; Teresa Abivahendikeskus, a sales and rental company for disability and medical aids with a growing retail and wholesale network across Estonia; ELDYcare, a software service provider targeting elderly care providers; and two exited positions — Nõmme Apteek (a pharmacy focused on automated medication packaging and dispensing) and Flegado Õenduskeskus (school and home nursing services). Recent portfolio activity includes the October 2025 opening of 60 new dementia-care places at Tartu Südamekodud and the August 2025 opening of a Teresa Abivahendikeskus store in Viljandi.

The company is managed by four partners: Martin Kukk (investments, former member of the Estonian Parliament Riigikogu), Reimo Nebokat (financial management and reporting), Jako Laanemägi (legal, transactions, and corporate governance; formerly a partner at Reinmaa & Partnerid Advokaadibüroo), and Rene Ilves (investment analysis and portfolio monitoring). Capmed generates revenue through its portfolio operations — no direct parent-level revenue, headcount, or pricing model is disclosed on the company website. Ownership is private, with no institutional investors, private equity firms, or parent companies identified in the source material.

Name

Capmed

Legal name

CAPMED OÜ

Website

https://capmed.ee

Company type

Private

Founded year

2025

Operating status

Operating

Short description

Capmed OÜ is an Estonian private investment and holding company that acquires and manages healthcare and social services companies across the Baltic region, currently holding five active subsidiaries spanning elderly care, ambulance services, medical aids retail, nursing, and care software.

Ownership category

akta.pro rank

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Core offering

Capmed is an Estonian private capital investment and holding company that acquires, owns, and manages a portfolio of healthcare and social services companies in the Baltic region. It provides growth capital, strategic guidance, financial oversight, and legal/transaction advisory to portfolio companies operating in elderly care, ambulance services, medical aids retail and rental, pharmacy dispensing, nursing services, and care management software.

Product overview

Capmed is an Estonian private capital investment and holding company, not a unified product or platform. It operates as a portfolio investment vehicle that owns and manages a collection of healthcare and social services companies. The portfolio consists of six distinct businesses: Südamekodud (elderly care homes), Karell Kiirabi (ambulance services), Teresa Abivahendikeskus (medical aids retail/rental), Nõmme Apteek (pharmacy with automated dispensing), Flegado Õenduskeskus (nursing services), and ELDYcare (care management software). These portfolio companies operate independently while sharing a common focus on social and healthcare services in Estonia.

Differentiator

Problem solved

Functional benefit

Products and services

• Südamekodud

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• SüdamekodudcoreOthersPortfolio company - Estonia's largest elderly care service provider, operating modern care homes across Estonia. The company offers long-term general and special care, ensuring a safe environment, professional care, and personal attention.
• Karell KiirabicoreOthersPortfolio company - One of Estonia's largest ambulance service providers, operating in multiple Estonian regions around the clock, ensuring rapid and professional assistance during health crises.
• Teresa AbivahendikeskuscoreOthersPortfolio company - Sales and rental company for disability and medical aids and care products operating throughout Estonia. Has a wide and growing retail and wholesale network including branches in larger cities and specialists serving healthcare facilities.
• Nõmme ApteekminorOthersSuccessfully exited portfolio company - A rapidly growing pharmacy focused on automated packaging and dispensing services for medications.
• Flegado ÕenduskeskuscoreOthersPortfolio company - Company providing professional and quality school and home nursing services.
• ELDYcarecoreOthersPortfolio company - Software service provider targeting elderly care service providers.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Regional players

• Resource Partners: Polish/Central European mid-market private equity firm with healthcare and services exposure. Comparable as a regional PE investor in healthcare services, though at larger scale than Capmed.
• Abris Capital Partners: CEE-focused private equity firm with mid-market buyouts including healthcare and services. Comparable as a regional PE firm investing in service and healthcare businesses adjacent to Capmed's verticals.
• MCI Capital: Polish/CEE technology- and healthcare-oriented investment firm operating PE and venture funds. Comparable to Capmed as a CEE investor with healthcare and digital-health exposure.
• Mid Europa Partners: Central European private equity firm focused on mid-market buyouts, with healthcare deals across CEE. Comparable as a healthcare-active regional PE player, though operating at larger scale and broader geography than Capmed.
• Innova Capital: Polish mid-market private equity firm with healthcare and consumer-services deals. Comparable to Capmed as a regional PE investor targeting mid-sized healthcare and services companies in CEE.

Direct peers

• Livonia Partners: Baltic-region private equity firm investing in mid-market companies. Closely comparable to Capmed in geographic mandate (Estonia/Latvia/Lithuania) and small/mid-cap healthcare-adjacent deals.
• INVL Asset Management: Lithuania-based asset management and alternative investment group with Baltic private equity and venture funds. Comparable to Capmed as a Baltic alternative-investment manager with PE-style holdings.
• BaltCap: Estonian private equity firm with healthcare and growth investments across the Baltic states. Comparable to Capmed in regional focus, ticket size, and sector breadth within the Baltics.

Broad incumbents

• EQT: Large European private equity group with a dedicated healthcare sector team and active Nordic/Baltic investments. Comparable in healthcare-PE activity, though operating at vastly larger scale and broader mandate than Capmed.
• CVC Capital Partners: Global private equity firm with a large European healthcare practice. Comparable as a healthcare-active institutional PE investor in Europe, but at a fundamentally larger scale and broader portfolio than Capmed.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 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 Capmed