Sweden-based, digital healthcare company, KRY (known as Livi outside of the Nordics) has announced that it has merged with healthcare company Helsa, which operates fourteen health centres across five regions in Sweden.

WHAT’S THE IMPACT

From mid-August, the merger will combine the benefits of digitalisation with physical health centres and enable KRY to treat more symptoms, whilst continuing to provide high-quality care.  

Helsa is one of Sweden's largest healthcare companies and has around 500 employees located in Halland, Kronoberg, Skåne, Stockholm and Östergötland. The merger will aim to accelerate its physical footprint by taking over the physical centres stationed across the five regions. 

THE LARGER TREND

Over the years, KRY has been busy expanding into new European markets and has amassed over 2 million completed patient consultations, following its launch in March 2015. It currently delivers digital healthcare services and operates three physical clinics in Skåne and Sörmland. The company also operates in the UK, Germany, Italy, France, and Norway and has recently expanded its Livi connect product to Italy, Spain and Poland, as well as the US and Canada.

Earlier this year, the company announced a €140 million ($155 million) Series C funding round led by Ontario Teachers’ Pension Plan’s Teachers’ Innovation Platform and stated that they planned to refine existing product offering and make new digital health hires.

The company is backed by some of Europe’s most renowned tech investors including Index Ventures, Accel, and Creandum, who also participated in the aforementioned funding.

ON THE RECORD

Erik Hjelmstedt, Swedish general manager at KRY, said: “With KRY’s merger with Helsa, our patients can continue to seek care from KRY digitally, whilst also receiving face-to-face care at more physical care centres in Sweden than we’ve previously been able to offer. This enables us to treat more symptoms whilst continuing to provide high-quality care that puts patients’ choice first.”

Conny Mathiesen, CEO of Helsa, said: “Our partnership with KRY will enable us to create an integrated digital and physical care offer, with patients at the centre. I look forward to working with KRY to deliver tomorrow’s primary care, the care of the future.”