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 2018 2019 2020
Sales 827 872 906
Sales growth (%) 5,3 5,5 3,8
EBITDA 55 59 N/A
EBITDA margin (%) 10 6,6 6,8
EBIT adj 85 54 58
EBIT adj margin (%) 10,8 6,5 6,7
Pretax profit 51 57 63
EPS rep 4,37 4,88 5,37
EPS growth (%) -34,2 11,6 10
EPS adj 4,37 4,88 5,37
DPS 4,25 4,5 5
EV/EBITDA (x) 8,1 7,5 6,8
EV/EBIT adj (x) 8,2 7,6 6,9
P/E (x) 13 11,6 10,6
P/E adj (x) 13 11,6 10,6
EV/sales (x) 0,5 0,5 0,5
FCF yield (%) 6,3 8,6 9,4
Dividend yield (%) 7,5 7,9 8,8
Net IB debt/EBITDA -1,3 -1,2 -1,2

Main shareholders

Dedicare

Main shareholders Share capital % Voting shares % Verified
Björn Örås 39.2 % 67.8 % 31 Dec 2018
AMF Försäkring & Fonder 9.2 % 4.9 % 31 Dec 2018
Swedbank Robur Fonder 8.8 % 4.7 % 31 Dec 2018
HealthInvest Partners 6.8 % 3.6 % 31 Dec 2018
Sara Örås 2.5 % 1.3 % 31 Dec 2018
Canaccord Genuity Wealth Management 2.3 % 1.2 % 30 Sep 2018
Jenny Pizzignacco 2.2 % 1.1 % 31 Dec 2018
Avanza Pension 2.0 % 1.1 % 31 Dec 2018
Caroline Örås 2.0 % 1.0 % 31 Dec 2018
Apo Asset Management GmbH 1.2 % 0.6 % 30 Nov 2018
Source: Holdings by Modular Finance AB

Insider list

Dedicare

Name
Anna Lefevre Skjöldebrand
Stig Olov Kenneth Engcrantz
Stig Olov Kenneth Engcrantz
Stig Olov Kenneth Engcrantz
Lia Sandström
Lia Sandström
Stig Engcrantz
Stig Engcrantz
My Biriell
Stig Engcrantz
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