COR Group Oy
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COR Group Oy - overview
Established
1989
Location
Oulu, -, Finland
Primary Industry
Healthcare
About
COR Group Oy, based in Oulu, Finland, provides comprehensive health and wellness services, focusing on rehabilitation and therapy solutions to enhance patient care and well-being since 1989. Founded in 1989 by Olli Karhi, COR Group Oy operates primarily in the health and wellness sector, offering specialized healthcare services through its subsidiaries like Coronaria and Silmäasema. The company's headquarters is located in Oulu, Finland, and has adapted its strategy to expand its service offerings in response to industry needs. COR Group is a leading Finnish company group focused on the health and wellness sector.
Its core offerings include high-quality health services, rehabilitation, and therapy solutions aimed at enhancing patient care and promoting well-being. Notable subsidiaries such as Coronaria provide advanced healthcare services, including outpatient care and specialized rehabilitation programs, while Silmäasema focuses on vision care through its optical stores and eye hospitals. The firm serves a diverse client base, including private individuals, healthcare institutions, and governmental organizations, primarily within Finland and select international markets. In 2023, COR Group Oy reported a revenue of USD 506.
26 mn and an EBITDA of USD 110. 55 mn. Its financial model is primarily driven by direct transactions with end-users, including individual consumers and institutional clients, enabling sustainable growth and adaptability to market demands. Currently, COR Group Oy is exploring new healthcare solutions and plans to expand its presence in international markets, targeting specific regions by the end of 2024.
The recent funding will be directed towards developing innovative health services and enhancing existing offerings to meet the growing needs of their customers.
Primary Industry
Healthcare
Sub Industries
Healthcare, Hospitals
Website
www.corgroup.fi
Total Amount Raised
Subscriber access only
COR Group Oy - timeline of key events
COR Group Oy - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 203,592,128 | 229,688,024 | 298,738,267 | 363,705,000 | - | - | - |
| % Revenue Growth (YoY) | - | 12.8% | 30.1% | 21.7% | - | - | - |
| EBITDA (USD) | 19,159,447 | 63,623,139 | 35,654,057 | 60,673,000 | - | - | - |
| Operating Income (USD) | 5,431,095 | 47,164,538 | 7,802,956 | 27,977,000 | - | - | - |
| Operating Margin | 2.7% | 20.5% | 2.6% | 7.7% | - | - | - |
| % EBITDA Margin | 9.4% | 27.7% | 11.9% | 16.7% | - | - | - |
| NET Income (USD) | 2,145,013 | 23,327,198 | (5,991,628) | 17,684,000 | - | - | - |
| % Net Margin | 1.1% | 10.2% | (2.0%) | 4.9% | - | - | - |
COR Group Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Completed | Labquality Oy | - |
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COR Group Oy - employee data
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