Company announcement no. 15 / 2023
Schindellegi, Switzerland – 24 October 2023
Trifork signs strategic investment agreement with Swiss digital health company Bluespace Ventures AG
As referred to in company announcement no. 9 / 2022 on 16 May 2022, Trifork won a strategic tender and signed a contract with the Swiss company Bluespace Ventures AG (BSV), making Trifork the lead technology partner in providing advanced healthcare software to the Swiss market. In the second quarter of 2022, Trifork and BSV started the development of a new and modern eHealth platform called Compassana. In the second quarter of 2023, the platform went live successfully.
Trifork views this collaboration and the entrance into the Swiss market for digital health solutions as a strategic milestone. Based on three decades of experience and a portfolio of digital health solutions built in other countries, Trifork and BSV together will accelerate the digitalization of healthcare in Switzerland.
To strengthen the partnership further, and to underline Trifork’s commitment as a serious player in providing digital health solutions to the Swiss population, Trifork and BSV today signed an agreement to include Trifork as an investor in BSV. Trifork will own 14.29% of BSV and will join its Board of Directors. The completion of the final agreement is subject to approvals from relevant competition authorities, which are expected to be obtained in the fourth quarter of 2023.
“Trifork is truly committed to improving the Swiss healthcare ecosystem by digitalization as we have successfully done in Denmark since 1996. BSV consists of a group of very committed and visionary shareholders. These leading organizations possess the right mix of reach and energy to succeed with the creation and adoption of a digital platform that can span all healthcare providers, insurance companies, and patients in Switzerland”, says CEO and founder of Trifork, Jørn Larsen.
“By adding Trifork to our group of owners, we get an innovative technology provider very close to us who understands our needs and who can help us shape our development roadmap. Together, we are looking forward to setting the next milestones for our Swiss healthcare ecosystem”, says Peter Mittemeyer, CEO Bluespace Ventures.
Following the completion of the final agreement, Trifork’s investment in Bluespace Ventures will be reported as a financial asset and included in the Trifork Labs segment. Thus, the investment will not affect Trifork’s financial guidance for 2023, which was updated on 5 October in company announcement no. 14 / 2023.
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About Bluespace Ventures AG (BSV)
Bluespace Ventures AG was founded in 2021 by Medbase, Hirslanden, Groupe Mutuel, Helsana, and Swica and welcomed LUKS Group in 2023. BSV’s mission is to increase efficiency and healthcare quality in Switzerland by creating a digital ecosystem called Compassana where healthcare professionals, insurance companies, and patients can exchange information and services. Compassana is open to all actors in the Swiss health market. Compassana connects healthcare providers and promotes cooperation by means of a digital health platform, which is invisible to patients. The platform is the heart of the Compassana ecosystem and optimizes the integrated care of healthcare providers and the coordination of patient pathways. Patients can use all the advantages of Compassana via an app. It enables patients to easily orient themselves in the healthcare market and communicate with healthcare providers. Treatments and documents can be accessed quickly and viewed at any time. The platform promotes patients’ individual health and supports people in every situation to navigate their health path independently.
More info: https://www.compassana.ch
Trifork is a global NextGen IT company that develops innovative software solutions in collaboration with its customers. The company has close to 1,200 employees across 71 business units and offices in 14 countries. Trifork works in six business areas: Digital Health, FinTech, Smart Building, Cloud Operations, Cyber Protection, and Smart Enterprise. Trifork’s research and development activities take place in Trifork Labs, where the company continuously invests in and develops technology startups with clear synergies with Trifork. The Group also includes the conference brand GOTO, which runs a global tech community with more than 54 million views on YouTube and Instagram. Trifork Holding is a publicly listed company on Nasdaq Copenhagen.
More info: https://www.trifork.com