Sweden

 

Kry cuts another 10% of workforce and withdraws from Germany

Kry, the Swedish-based multinational telehealth and primary care unicorn, is laying off 10% of its 3,000-strong workforce, marking the second time it has done so this year. It is also pulling out of Germany as it tries to move faster towards profitability. Meanwhile peer Babylon has seen its value fall 20-fold.
November 4, 2022

Attendo Stockholm contract will not be extended after court convictions

Pan-Nordic listed care provider Attendo has lost one of its contracts with the City of Stockholm to provide nursing home care. This follows the conviction of two Attendo employees earlier this week for violating whistleblower protection law when they reprimanded a carer employee for speaking to the press about the state of care in one of its homes during the height of the first Covid wave in 2020.
October 21, 2022

Nordic PMI grows in tandem with waiting lists

Private medical insurance (PMI) plans are on the increase in the Nordic nations, Sweden, Denmark, Norway and Finland. Longer public health waiting times and incentives in employment contracts are the main reasons. HBI investigates.
September 23, 2022

New Swedish government’s health policies could benefit for profit providers

A right-wing coalition government is still to be formed in Sweden, under probable prime minister Ulf Kristersson. It is expected to encourage for-profit health providers to help the public system reduce waiting lists. Multi billions of extra funding will also be allocated to the national, regional and local authorities to bolster the system.
September 16, 2022

Swedish telehealth soars but losses mount

Swedish telehealth companies have experienced a surge in revenue since Covid. But the treble whammy of relatively low fees, expansion costs and the inflationary economic downturn have compounded losses.
September 2, 2022

Right shift could boost Swedish for-profit

Less than three weeks ahead of the September 11 elections, Swedish parties are neck-to-neck in the opinion polls. The question is whether the centre left Social Democratic Party will remain in power. In its favour is the relative popularity of Prime Minister Magdalena Andersson, who in the polls is well ahead of opposition leaders.
August 26, 2022

Kry keeps mum on valuation but is “unlikely” to be devalued

Kry, the Swedish telehealth company also known as Livi in the UK and France, has raised US$160m of debt and equity funding in Series D follow-on funding. However, the firm has kept a tight lid on its valuation and observers are conflicted as to why this is.
July 29, 2022

HBI 2022: Partnering with university hospitals

University hospitals and their twinned research institutes are the mainstay of health care delivery in EMEA. Their approach to partnering is becoming increasingly sophisticated. Here we look at what they want and at winning partnering strategies that create real value and innovation.
July 7, 2022

Kry self-reports Facebook data breach to Swedish authorities

Swedish telehealth provider Kry says it will co-operate with an investigation by the Swedish Authority for Privacy Protection (IMY) into the sharing of user contact information with Facebook - an 'error' which Kry has admitted to.
June 16, 2022

Social bond finances for-profit diabetes prevention

A Swedish pension fund is investing via a social bond in a programme that aims to stop unfit 50-60 year olds in Stockholm developing diabetes 2 and other expensive conditions. The scheme, run by a start up, is set to roll out more widely in Sweden and internationally. Bogi Eliasen, Director of Health at the Copenhagen Institute For Futures Studies says that Scandinavian countries, Qatar and Saudi Arabia are all keen to up prevention spend and are looking at similar schemes.
May 26, 2022
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