Leading staffing company in healthcare

Dedicare

Dedicare is one of the leading staffing companies in the Nordic region in the field of healthcare. The company was established in 1996 and currently has offices in both Sweden and Norway. Dedicare staffs doctors, nurses and social workers. The Nordic region is experiencing a shortage of healthcare staff, which is expected to last until 2025 for both the public and private sector. The scarcity of healthcare professionals, in combination with an aging population in the Nordic region, drives the market for healthcare staffing. Dedicare’s financial target is a profit margin of 7% over an economic cycle.

Financials

DEDICARE

SEKm 2017 2018 2019
Sales 785 827 872
Sales growth (%) 20,8 5,3 5,5
EBITDA 78 55 59
EBITDA margin (%) 10 6,6 6,8
EBIT adj 85 54 58
EBIT adj margin (%) 10,8 6,5 6,7
Pretax profit 78 51 57
EPS rep 6,64 4,37 4,88
EPS growth (%) 12,8 -34,2 11,6
EPS adj 7,42 4,37 4,88
DPS 5 4,25 4,5
EV/EBITDA (x) 10,1 7,7 7,1
EV/EBIT adj (x) 9,4 7,9 7,3
P/E (x) 14,6 12,5 11,2
P/E adj (x) 13,1 12,5 11,2
EV/sales (x) 1 0,5 0,5
FCF yield (%) 7,3 6,5 8,9
Dividend yield (%) 5,2 7,8 8,2
Net IB debt/EBITDA -1,1 -1,3 -1,2

Main shareholders

Dedicare

Main shareholders Share capital % Voting shares %
Björn Örås 39.2 % 67.8 %
AMF Försäkring & Fonder 9.2 % 4.9 %
Swedbank Robur Fonder 8.8 % 4.7 %
HealthInvest Partners 6.8 % 3.6 %
Sara Örås 2.5 % 1.3 %
Canaccord Genuity Wealth Management 2.3 % 1.2 %
Jenny Pizzignacco 2.2 % 1.1 %
Caroline Örås 2.0 % 1.0 %
Avanza Pension 1.9 % 1.0 %
Apo Asset Management GmbH 1.2 % 0.6 %