Helse og omsorg
FollowDownload sector report (PDF)2,037 companies ranked against comparable companies in four Morning company classes. Fiscal year 2025. Source: Brønnøysund Register Centre. Methodology
Ranking · 2025 · Morning class Small
The rank is the rank in the class. A class with fewer than ten companies is compared with the whole sector. Full ranking · Press mode
Biggest moves · Morning class Small
- Omsorgsgruppen AS−42
From 2024 to 2025: the operating margin fell from 12.4% to −7.6% and went from a profit to a loss before tax.
- Beredt AS+38
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 14.8% to 42.4%.
- Avanti Drift AS−37
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 12.4% to −3.4%.
- Søndre Vego Gård AS−36
From 2024 to 2025: the equity ratio fell from 61.3% to 19.6% and revenue fell by 22%.
Helse og omsorg, Morning class Large: 28 ranked companies in fiscal year 2025.
Best in the sector: Aberia Ung AS (score 86, operating margin 10.2%, equity ratio 65.1%). Human Care Ung AS (score 74, operating margin 6.3%, equity ratio 54.3%). Aleris Helse AS (score 70, operating margin 13.7%, equity ratio 54.4%).
Weakest in the sector: Avincis Aviation Norway AS (score 12, operating margin −19.3%, equity ratio 0.1%). Avonova Helse AS (score 13, operating margin −3.8%, equity ratio 0.6%). Lovisenberg Omsorg AS (score 15, operating margin 0.1%, equity ratio −5.3%).
Worth a closer look
- The median operating margin fell from 5.7% in 2024 to 5.3% in 2025 (0.5 percentage points).
- The median equity ratio rose from 34.7% in 2024 to 37.8% in 2025 (3.1 percentage points).
- The median revenue growth fell from 11.6% in 2024 to 8.7% in 2025 (3.0 percentage points).
- The share with a loss went from 22% in 2024 to 21% in 2025.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
Top lists in the sector · 2025 · Morning class Small
The five largest companies account for 3% of the sector's revenue. Combined profit before tax for the 335 ranked companies: 288 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Tannhelsesenteret Lørenskog AS 50 MNOK
- Privathospitalet Fana Medisinske Senter AS 50 MNOK
- Innlandet BO og Omsorg AS 49 MNOK
- Mdco Oslo AS 49 MNOK
- Villa Skaar Eidsvoll AS 49 MNOK
Operating revenue.
Most employees
- Generasjon M AS 285
- Solid Assistanse AS 285
- 2Care Bpa AS 252
- Privatomsorgen AS 246
- Sanita Omsorg AS 138
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Akademikliniken Oslo AS 7.1 MNOK
- Offshore Health Services AS 5.4 MNOK
- Norsk Arbeidshelse AS 5.0 MNOK
- Aktiv HMS Prosjekt AS 3.5 MNOK
- Øyelegeklinikken AS 3.4 MNOK
Only companies with at least 5 employees.
Profit and balance
Who earns the most, who loses the most, and who has the strongest balance sheet.
Highest operating margin
- Tano AS 82.6%
- Cmørk AS 67.1%
- Oslo Nevro AS 64.7%
- DR. Roarsen AS 63.8%
- Mema Kjeveortopedi AS 61.3%
Operating result divided by operating revenue.
Largest profit
- DR. Roarsen AS 19 MNOK
- Cmørk AS 14 MNOK
- Endotelin AS 13 MNOK
- Stavanger Øyeklinikk Kilden AS 13 MNOK
- Thilesen Holding AS 12 MNOK
Profit before tax.
Largest loss
- Oris Dental Holding AS −118 MNOK
- Prima Nordic AS −98 MNOK
- Vilmer AS −22 MNOK
- Digital Medical Supply Norway AS −18 MNOK
- Mottaksdrift Nor AS −13 MNOK
Profit before tax, the largest negative.
Most solid
- Akeso AS 96.2%
- Aksis Arbeidsinkludering AS 95.8%
- Cmørk AS 95.5%
- Amento AS 94.8%
- Norasondegruppen AS 94.8%
Equity ratio: equity divided by total assets.
Growth and movement
Who grows and falls the most in revenue, and who has climbed or fallen the most on the index since the year before.
Fastest growth
- Medicus Bergen AS +133.9%
- Mio Gruppen AS +129.1%
- Bevisstung Bolig AS +120.6%
- Solid Assistanse AS +89.2%
- Åreknuteklinikkene AS +87.5%
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- Lier Asvo Holding AS −65.2%
- Amdo AS −59.3%
- Villa Skaar Eidsvoll AS −41.6%
- Mottaksdrift Nor AS −41.4%
- Trondheim Private Omsorgstjeneste AS −32.1%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- Beredt AS +38.1 points
- Tectus AS +36.3 points
- Rødbysetra AS +34.7 points
- Jessheim Tannlegesenter AS +30.9 points
- Senter for Tilpasset Opplæring AS +29.8 points
Change in index points from the year before.
Biggest fallers
- Omsorgsgruppen AS −42.3 points
- Avanti Drift AS −36.2 points
- Søndre Vego Gård AS −35.5 points
- Amdo AS −34.2 points
- Tanntunet AS −33.3 points
Change in index points from the year before.
The lists cover ranked companies in the class: operating companies with at least NOK 1m in revenue, without holding companies and excluded ones. Size lists (revenue, profit, employees) count each group once. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.
Positions in the sector · 2025 · Morning class Small
Each company is placed by profitability and solidity, measured as a place from 0 to 100 against the others in the same sector and Morning company class. The bubble shows revenue. Hover over or tap a bubble for the figures, filter by profile or search for a company.
Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2024 (small ring).
- Tectus AS profitability 2 → 66, solidity 0 → 47
- Øyehelseklinikken AS profitability 79 → 39, solidity 31 → 96
- Omsorgsgruppen AS profitability 77 → 6, solidity 36 → 23
- Samtun AS profitability 11 → 72, solidity 60 → 87
- Beredt AS profitability 9 → 67, solidity 18 → 50
Lion · LeaderHigh profitability, high solidity
Cheetah · SprinterHigh profitability, lower solidity
Elephant · StewardLower profitability, high solidity
Beaver · BuilderLower profitability, lower solidity
Show the positions as a list
Summary · fiscal year 2025 · Morning class Small
The sector's median operating margin is 5.0%. 26 of 337 companies have negative equity. The median equity ratio is 39.8%.
All figures are for fiscal year 2025. Ranked: 336 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
Climbers and fallers · Morning class Small
Change in rank from 2024 to 2025, for 297 companies ranked in both years.
Climbers
- 234Jessheim Tannlegesenter ASfrom rank 266 to 3270
- 228Samtun ASfrom rank 262 to 3469
- 215Rødbysetra ASfrom rank 289 to 7463
- 180Skøyenåsen Tannklinikk ASfrom rank 231 to 5166
- 180Ålesund Vekst ASfrom rank 267 to 8761
Fallers
- 228Omsorgsgruppen ASfrom rank 86 to 31420
- 211Tannlegesenteret Senja ASfrom rank 46 to 25739
- 206Søndre Vego Gård ASfrom rank 12 to 21844
- 193Vatvedtklinikken ASfrom rank 29 to 22244
- 193De Brukerstyrte Hus ASfrom rank 84 to 27733
Awards · 2025 · Morning class Small
Needs attention · 2025 · Morning class Small
140 companies show at least one warning sign. Showing the 15 most important.
- criticalMdco Oslo ASNegative equity · Current ratio below 1 (0.67) · Loss before tax
- criticalFritia ASNegative equity · Current ratio below 1 (0.38) · Loss before tax
- criticalDigital Medical Supply Norway ASNegative equity · Current ratio below 1 (0.42) · Loss before tax
- criticalUllevål Plastikkirugi ASNegative equity · Current ratio below 1 (0.20) · Loss before tax
- criticalÅreknuteklinikkene ASNegative equity · Current ratio below 1 (1.00) · Loss before tax
- criticalMdco Bergen ASNegative equity · Current ratio below 1 (0.70) · Loss before tax
- criticalVestland Klinikken ASNegative equity · Current ratio below 1 (0.38) · Loss before tax
- criticalMdco Agder ASNegative equity · Current ratio below 1 (0.86) · Loss before tax
- criticalVangen Avlastning ASNegative equity · Current ratio below 1 (0.82) · Loss before tax
- criticalTeam-Up ASNegative equity · Current ratio below 1 (0.80) · Loss before tax
- criticalLupro ASNegative equity · Current ratio below 1 (0.48) · Loss before tax
- criticalDental Norge Forus ASNegative equity · Current ratio below 1 (0.34) · Loss before tax
- criticalGrünerløkkas Hus Tannlegesenter ASNegative equity · Current ratio below 1 (0.59) · Loss before tax
- criticalSunn Tannhelseklinikk ASNegative equity · Current ratio below 1 (0.51) · Loss before tax
- criticalGrå Stær Klinikken ASNegative equity · Current ratio below 1 (0.59) · Loss before tax
Sector map · 2025 · Morning class Small
Profitability against solidity for the ranked companies. Size shows revenue. Coral triangle: negative equity. Click to open the company. Outliers are placed on the edge.
Show the map's figures as a table
Holding and investment companies · 2025
95 companies in the sector are holding or investment companies. They are kept out of the ranking above, since revenue, margins and growth say little about a company that lives from ownership. They are ranked on their own here: 30 have at least 10 MNOK in assets and are listed.
| Rank | Company | Score | Equity ratio | Return on assets | Current ratio | Total assets |
|---|---|---|---|---|---|---|
| 1 | O2 Holding AS | 94 | 99.0% | 74.0% | 43.55 | 10 MNOK |
| 2 | Carlsten Holding AS | 86 | 99.8% | 26.2% | 384.44 | 13 MNOK |
| 3 | Fewi Holding AS | 80 | 87.9% | 50.1% | 8.28 | 26 MNOK |
| 4 | Akval Invest AS | 76 | 96.2% | 24.7% | 15.43 | 25 MNOK |
| 5 | Clh Holding AS | 72 | 83.7% | 44.5% | 5.78 | 25 MNOK |
| 6 | Nhf Holding AS | 70 | 99.8% | 8.1% | 342.70 | 15 MNOK |
| 7 | BJØRN J. Hansen Holding AS | 70 | 80.8% | 36.5% | 39.50 | 41 MNOK |
| 8 | Minster Holding AS | 62 | 76.7% | 40.0% | 4.28 | 22 MNOK |
| 9 | Coysa Holding AS | 59 | 84.9% | 21.6% | 4.40 | 12 MNOK |
| 10 | Rundhaug Holding AS | 53 | 93.1% | 14.0% | 2.30 | 14 MNOK |
| 11 | Nevrokiro Holding AS | 53 | 96.8% | 0.2% | 30.90 | 18 MNOK |
| 12 | Blid Holding AS | 52 | 100.0% | 0.0% | – | 31 MNOK |
| 13 | Eija Holding AS | 51 | 71.0% | 31.4% | 3.15 | 53 MNOK |
| 14 | J S Holding AS | 50 | 90.4% | 3.5% | 7.38 | 49 MNOK |
| 15 | Dmpsteg Holding AS | 47 | 97.1% | −0.1% | 5.11 | 15 MNOK |
| 16 | Efraim Holding AS | 44 | 62.6% | 29.3% | 1.99 | 30 MNOK |
| 17 | Mare Holding AS | 43 | 68.4% | 23.1% | 2.93 | 18 MNOK |
| 18 | Ylvind Holding AS | 42 | 75.4% | 18.3% | 3.42 | 25 MNOK |
| 19 | Glis Holding AS | 42 | 76.4% | 15.5% | 3.36 | 21 MNOK |
| 20 | Fürst Holding AS | 41 | 83.8% | 10.8% | 1.13 | 1,708 MNOK |
Show all 30
| Rank | Company | Score | Total assets |
|---|---|---|---|
| 21 | Aukland Holding AS | 40 | 37 MNOK |
| 22 | Bch Holding AS | 40 | 17 MNOK |
| 23 | Coperio Holding AS | 39 | 193 MNOK |
| 24 | M Sørensen Holding AS | 38 | 61 MNOK |
| 25 | Børseth Invest AS | 38 | 11 MNOK |
| 26 | Endre Hodneland Holding AS | 37 | 17 MNOK |
| 27 | M&V Holding AS | 28 | 1,293 MNOK |
| 28 | Gatty Holding AS | 21 | 22 MNOK |
| 29 | Link Holding AS | 18 | 129 MNOK |
| 30 | Pepper Holding AS | 13 | 30 MNOK |
Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology
In our articles
- Finance earns 58.3% on operations; the typical Norwegian industry makes 5.7%No. 7 of 22 on median operating margin
Scenario analysis: the sector's weakest year
The sector's weakest year was 2026, with a median operating margin of −10.4%.
Based on the 6 fiscal years we have. The analysis grows as more years are fetched or imported.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2021 | – | – |
| 2022 | 4.7% | 29.3% |
| 2023 | 7.3% | 42.1% |
| 2024 | 6.9% | 43.7% |
| 2025 | 6.2% | 43.9% |
| 2026 · weakest year | −10.4% | 10.8% |
In 2026, 0 ranked companies did better than the sector, 1 about the same and 0 weaker.
Better than the sector: operating margin at or above the sector median and no loss or negative equity. Weaker: operating margin below the median and a loss or negative equity. Otherwise about the same as the sector. Methodology
Drivers in the sector
Interest rates, prices and exchange rates that shape the sector's year, next to the sector's median operating margin. The drivers are context and are not part of the index.
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the sector's median operating margin fell 0.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| Sector's median operating margin | – | 4.7% | 7.3% | 6.9% | 6.2% | −10.4% |
Source: SSB (14710, CC BY 4.0). Source · fetched 3 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin fell 0.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| Sector's median operating margin | – | 4.7% | 7.3% | 6.9% | 6.2% | −10.4% |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 3 November 2026
When policy rate fell in 2025, 947 of 1,996 ranked companies kept their operating margin at or above the year before. Among the largest: Lovisenberg Diakonale Sykehus AS (1.9% → 2.4%), Diakonhjemmet Sykehus AS (1.5% → 2.8%), Aleris Helse AS (11.9% → 13.7%), Ecura BO og Habilitering AS (4.6% → 6.2%), Lovisenberg Omsorg AS (−3.0% → 0.1%).
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
The sector in Norway (SSB)
The whole industry as Statistics Norway counts it: every enterprise, not only the limited companies we rank. Use these figures as background for the ranking above.
Enterprises, employment and turnover · 2024
- Enterprises
- 39,697
- +0.7% from 2023
- Persons employed
- 127,429
- +1.3% from 2023
- Turnover
- NOK 140.5 bn
- +7.0% from 2023
- Gross operating margin
- 22.7%
- Gross operating surplus divided by turnover
All enterprises, sole proprietorships included. SSB withholds some figures for confidentiality. The figure then shows the latest year with every value, and the year is given beside it.
Bankruptcies in the industry
54 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change +20.0% against the four quarters before (45). That is about 1.4 per 1,000 enterprises.
Source: Statistics Norway (SSB), table 12910, table 10790. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.
Latest bankruptcies and liquidations
- Abra Dental AS 931185659 Voluntary liquidation · 3 November 2026 · 0 MNOK (2025)
- EMPATHY INCLUDED - IDEELT AKSJESELSKAP 933546217 Voluntary liquidation · 2 November 2026 · 0 MNOK (2025)
- Helsesenteret Instebø AS 931817531 Bankruptcy · 2 November 2026 · 14 MNOK (2025)
- Velura Klinikk AS 922273642 Voluntary liquidation · 2 November 2026 · 0 MNOK (2025)
- Agens Helse AS 932951576 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Din Helsevenn AS 823320132 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Din Samtale Viken AS 925893943 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Fotklinikken Halden AS 919213442 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Industry codes (NACE)
| Code | Description |
|---|---|
| 86* | Hele hovedgruppe 86 |
| 86.101 | Somatiske sykehustjenester |
| 86.102 | Psykiatriske sykehustjenester for voksne |
| 86.103 | Spesialisert rusbehandling |
| 86.104 | Psykiatriske sykehustjenester for barn og ungdom |
| 86.210 | Allmennlegetjenester |
| 86.221 | Spesialiserte legetjenester, unntatt psykiatriske legetjenester |
| 86.222 | Psykiatriske legetjenester |
| 86.230 | Tannlegetjenester |
| 86.910 | Medisinske laboratorietjenester og bildediagnostikk |
| 86.921 | Ambulansetransport unntatt luftambulanse |
| 86.922 | Luftambulansetransport med fly eller helikopter |
| 86.930 | Psykolog- og psykoterapitjenester, unntatt legetjenester innenfor psykiatri |
| 86.941 | Sykepleietjenester og andre helsetjenester i hjemmet |
| 86.942 | Helsestasjons- og skolehelsetjenester |
| 86.950 | Fysioterapi- og ergoterapitjenester |
| 86.960 | Aktiviteter innenfor tradisjonell, komplementær og alternativ medisin |
| 86.970 | Formidlingstjenester tilknyttet lege-, tannlegetjenester og andre helsetjenester |
| 86.991 | Ortopedi- og fotterapitjenester |
| 86.992 | Forebyggende helsearbeid |
| 86.993 | Andre helsetjenester ellers |
| 87* | Hele hovedgruppe 87 |
| 87.101 | Tjenester i spesialinstitusjon innenfor helse- og omsorg |
| 87.102 | Sykehjemstjenester |
| 87.104 | Tjenester i avlastningsboliger/-institusjoner |
| 87.106 | Helse- og omsorgstjenester i bofelleskap, samlokaliserte omsorgsboliger og lignende |
| 87.201 | Omsorgstjenester i botilbud for personer med psykiske helseproblemer og/eller rusmiddelproblemer |
| 87.202 | Omsorgstjenester i botilbud for personer med utviklingshemming eller med tilsvarende funksjonsnedsettelse |
| 87.300 | Omsorgstjenester i botilbud for eldre eller personer med fysisk funksjonsnedsettelse |
| 87.991 | Tjenester i barneverninstitusjoner |
| 87.992 | Asylmottakstjenester |
| 87.999 | Andre botilbud innenfor sosiale tjenester ikke nevnt annet sted |
| 88* | Hele hovedgruppe 88 |
| 88.101 | Praktisk bistand i hjemmet |
| 88.102 | Dagaktivitetstilbud tilpasset målgrupper |
| 88.103 | Tjenester i seniorsentre |
| 88.104 | Brukerstyrt personlig assistanse (bpa) |
| 88.105 | Avlastning utenfor institusjon |
| 88.106 | Støttekontakt- og besøkstjeneste |
| 88.910 | Dagaktivitetstilbud for barn |
| 88.991 | Barneverntjenester |
| 88.992 | Familieverntjenester |
| 88.993 | Arbeidstrening og varig tilrettelagt arbeid |
| 88.994 | Velferdstjenester til sårbare grupper |
| 88.996 | Andre sosialtjenester uten botilbud ellers |