This week’s infographic looks at the top 5 Nordic for‑profit hospital groups by their 2025 revenues.

This data has been sourced from the HBI Intelligence database.

Ramsay Santé tops the chart with €5,242 million in group sales, of which ~€990.7 (HBI Estimate) million comes from Nordic hospitals, followed by Mehiläinen with €2,413.2 million in total revenue and roughly €870 million (HBI Estimate) from Nordic hospitals. Terveystalo generated €1,279 million in group sales with ~€369 million from hospitals (HBI Estimate), while Pihlajalinna posted €652 million in revenue with ~€223 million (HBI Estimate) from its hospital business. Aleris rounds out the top five with €615 million in group sales, of which roughly €548 million (HBI Estimate) is attributable to its Nordic hospital operations.

Note: The hospital figures shown here reflect only facilities located in the Nordics. Total group revenues capture a broader footprint, Ramsay Santé generates the vast majority of its revenue in France (€3,048 million from French hospitals alone) and also operates in Italy; Mehiläinen runs clinics and hospitals across Central and Eastern Europe (Romania, Serbia, Lithuania, Estonia and Germany); and Aleris operates across Sweden, Norway and Denmark. Terveystalo and Pihlajalinna operate almost exclusively in Finland and have no revenues outside the Nordics.

Read more: Mehiläinen buys Aleris to create €3.7bn revenue mega group

More on Nordic healthcare here.