CompuGroup Strengths, Domain Expertise, and Key Differentiators
CompuGroup Medical is a global eHealth provider with a comprehensive portfolio of cutting-edge IT solutions for the healthcare industry. CGM connects doctors, hospitals, community health facilities, dentists, pharmacists, health insurers, and other service providers to create an integrated network of all healthcare stakeholders. As a result, CGM can help these organizations improve efficiency, optimize care, and increase patient satisfaction while also improving profitability.
Their solutions include everything from electronic health records to innovative practice management systems. These solutions are present in over 400,000 practices and healthcare organizations worldwide.
CompuGroup Recent Developments
In February 2019, CompuGroup Medical SE (CGM) Christian Teig has resigned as Chief Financial Officer effective July 31, 2019. CGM has appointed Michael Rauch as new Chief Financial Officer, who has taken over the position on August 1, 2019. Christian Teig will stay with the CGM for a while to help smooth the transition.
CompuGroup Mergers and Acquisitions (M&A) Activities
In July 2020 CompuGroup acquired parts of Cerner's business in Germany and Spain. CGM expects the acquired business activities to deliver a contribution to revenues and EBITDA in the second half of the fiscal year 2020 above the same period of the prior year, including initial synergy effects. For the entire year 2019, revenues of the acquired business area were approximately EUR 74 million, and the EBITDA was at approx. EUR 13 million. Now that the transaction is complete, CGM's portfolio includes medico, Soarian Health Archive (S-HA), and Soarian Integrated Care (S-IC), which are leading hospital information systems (HIS) in Germany as well as Selene, a leading HIS in Spain. As a result, Koblenz-based CGM, one of the largest providers of eHealth solutions worldwide, assumes a leading position in the European HIS market. Via combination with existing solutions, in particular through better connectivity, additional value will be created for health professionals and patients.
In April 2018, CompuGroup Medical SE acquired La-Well Systems GmbH based in Bünde, Germany. With the acquisition of the provider of the video consultation software elVi and La-Well Waiting Room TV, CGM is expanding its portfolio to include powerful and leading-edge channels for doctor-patient and doctor-to-doctor communication.
CGM will link elVi in particular with its LIFE product portfolio, including the digital patient file and online appointment management. In this way, new tailor-made offers for service providers in practices, hospitals, and care facilities can be offered for optimal and networked care of patients worldwide. Patients can book video appointments with the attending doctor, conduct the video consultation from anywhere and, if necessary, pay directly online. Communication is supported by the uncomplicated sharing and viewing of medical information. Doctors can safely coordinate their video consultation with their co-treating colleagues and other professionals in compliance with data protection requirements. The solution enables secure video conferences with up to five participants simultaneously.
CompuGroup Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CompuGroup applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CompuGroup and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CGM Cloud, customers.
Ownership: - COP.DE : Xetra
Number of Employees: 5416
Functional Markets: ERP Services and Operations Management,
Key Verticals: Healthcare,
CompuGroup Key Enterprise and Cloud Applications
CompuGroup Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CompuGroup Revenue Breakdown By Type, $M:
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CompuGroup Enterprise Applications Revenues By Functional Markets, $M:
CompuGroup Enterprise Applications Revenues By Verticals, $M:
CompuGroup Revenues By Region, $M
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CompuGroup Direct vs Indirect sales
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CompuGroup Customers - Breakdown by Geo, Size, Vertical and Product
No. of CompuGroup Customers: 400000
No. of CompuGroup Enterprise Applications Customers: 400000
No. of CompuGroup Cloud Customers: x
No. of CompuGroup Cloud Subscribers: x
Compugroup customer base covers around 400,000 practices and healthcare organizations worldwide with a heavy emphasis on general practitioners and dentists, hospitals, clinics, rehabilitation centers, and care facilities, pharmacies, health insurers, pharmaceutical companies, public bodies.
CompuGroup Market Opportunities, M&A and Geo Expansions
In January 2020 CompuGroup, concluded a transaction to acquire 100% of H&S Qualità nel Software SpA. With the acquisition of the provider of telemedicine solutions and ICT services for domiciliary care providers, CGM is expanding its portfolio to include powerful solutions for health and social care providers.
CompuGroup Medical acquired 100% of the shares of H&S Qualità nel Software SpA, based in Piacenza, Italy. The former owner and the team stay on board to further develop and expand the company’s solutions and potential. H&S specializes in telemedicine, patient telemonitoring, and Ambient Assisted Living for the elderly with turnkey solutions that support private and public providers to deliver the best health and care services, optimizing processes, and costs. The company also offers customized projects and manages information systems for the main Italian domiciliary care providers as a trusted third party.
In February 2019, CompuGroup Medical SE (CGM) has acquired 100% of Qualizorg BV in a transaction. CompuGroup Medical expands its involvement in one of the most advanced European eHealth systems and markets.
During 2017, CompuGroup Medical strengthened its market position in Belgium with the acquisition of Barista Software and Advanced Technology Explained NV (ATX). Barista Software develops a software solution for general practitioners in Belgium under the name of Daktari. With this acquisition, CGM expanded its product portfolio and is able to offer to the customer a choice according to their own needs. CompuGroup Medical will implement in Belgium its multi-brand strategy for Daktari and Windoc. This strategy is already highly successful in other countries like Germany, France, or Italy. This will bring more power to serve different customer needs, enhance customer satisfaction, and strengthen CompuGroup Medical's continuous growth in market share.
On the other hand, Advanced Technology Explained, based in Wetteren, Belgium, is developing a software solution for dentists, orthodontists, and periodontists in Belgium under the name DentAdmin.
CompuGroup Risks and Challenges
Due to the international focus of the group, incoming and outgoing payments are performed in various currencies. The Group conducts a comparison and balancing of payment streams in individual currencies. The company generally strives to archive extensive natural hedging by its choice of locations and suppliers. At present, the company does not use any derivative instruments to hedge foreign currency exposure. The development of the relevant positions is monitored regularly to ensure a response to significant changes in the positions.
CompuGroup Ecosystem, Partners, Resellers and SI
In addition to its direct sales force, Compugroup has built a network of 300 sales and services partners that sell into local markets around the globe.
Among its partners are Microsoft as Gold Partner, Novovison, McKesson, AMS, Alaska Scientific, Medical Lab Solutions, Abaxis, and many others.
CompuGroup Cloud Infrastructure Insights
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- CompuGroup Public Cloud and Infrastructure (IaaS)
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- CompuGroup Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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