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Showing posts from August, 2020

Analysis of Carasent

Carasent is a Norwegian company that fully owns Swedish Evimeria AB. Evimeria offers SaaS software for private primary and specialist care in Sweden and the company has developed a cloud-based journal system called Webdoc. This system also provides integrations with third-party solutions to expand the functionality for the customer. Examples of such integrations are accounting, dictation and analytics software. Carasent previously owned operations in e-health in the US and the company has total losses of 200 million crowns from prior years, which is equivalent to a positive tax effect of about 50 million Swedish crowns. Summary Strong economic moat due to high switching costs as clients are extremely reliant on the system and its integration into other software systems Potential to expand in new geographies and verticals Market leader with low competition, main competitor being outdated on-premise software Riding on the digitalization trend in healthcare, both in the private and public