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MTIP is pleased to announce the acquisition of a majority stake in Dossier Solutions, a leading healthcare competency management SaaS provider.
MTIP is pleased to announce the acquisition of a majority stake in Dossier Solutions, a leading healthcare competency management SaaS provider.
BASEL – December 19, 2024 - MTIP is pleased to announce the acquisition of a majority stake in Dossier Solutions, a leading healthcare competency management SaaS provider. The acquisition aims to accelerate US market growth, expand geographic reach, and enhance the Dossier technology platform. This marks the 10th platform investment of MTIP Fund II, aligning with MTIP's strategy of investing in high-growth, profitable European healthcare software companies. MTIP completed the buyout in partnership with Peakstone, a specialist investor in growth-stage B2B software and technology companies.
Founded in 2000 and headquartered in Oslo, Norway, and Palo Alto, USA, Dossier addresses the challenge hospitals face in managing complex regulatory compliance by automating and simplifying the process, enabling them to meet higher standards with less manual effort. With digital competencies, healthcare staff spend less time on administrative tasks, freeing them to focus on patient care. Dossier tracks millions of competency requirements per hospital, ensuring healthcare professionals maintain the skills needed for high-quality, culturally appropriate care. This streamlined approach enhances availability, accessibility, acceptability, and quality of care by reducing medical errors, ensuring regulatory compliance, and improving patient outcomes. The impact of Dossier’s solution will be continuously measured using MTIP’s Impact Tracker, a testament to MTIP’s dedication to advancing equitable and effective healthcare through its investments.
Dossier holds a dominant market position in Norway, where it is the preferred partner for all four healthcare regions and municipalities. Since its successful US entry in 2022, the company has secured major healthcare customers, including Mount Sinai, Tenet Health, Piedmont Health, UCLA Health, and others. With over 90% of the US market still untapped, the company is poised for substantial growth. The company has plans to expand into new markets like Germany and Singapore, where it has already won initial clients. With two decades of experience in competency management, the company's strong leadership team, led by Founder and CEO Geir Arnhoff, is well-positioned to accelerate the global adoption of digital competency management in healthcare.
Geir Arnhoff, Founder and CEO at Dossier comments: “We are excited to partner with MTIP. Their expertise in scaling software businesses and deep healthcare sector knowledge will play a key role as we continue our growth journey. Together, we will innovate and advance our platform, ensuring it adapts to evolving regulations and requirements so our customers can rely on dependable, high-performing technology for effective competency management."
Katrin Vatiska, Investment Partner at MTIP states: "As healthcare software specialists with deep sector knowledge, we believe we are the ideal partner to support Dossier in this next phase of growth. With hospitals increasingly seeking efficiency-enhancing software, the timing is perfect for Dossier's solutions. We see exciting opportunities ahead, from strategic partnerships to a strong product roadmap, which will drive meaningful impact in healthcare."
Florian Hofmann, Founder and Managing Partner at Peakstone, said: “We are impressed by Dossier’s management team, their longstanding relationships with highly reputable hospitals, and their strong growth track record and ambition. As experienced B2B software scale-up investors, we are confident we can help Dossier achieve its growth ambitions through organic expansion and selective acquisitions.”
MTIP and Peakstone were advised by Stifel (M&A advisory led by Ben Maddison), Selmer (legal), KPMG (financial, tax), and Crosslake (tech). The acquisition financing was provided by CORDET.
About Dossier:
Dossier, a cloud-based healthcare competency management software, simplifies the implementation, tracking, and monitoring of millions of competencies across healthcare departments and systems. Trusted by more than 500,000 users worldwide, Dossier is transforming how healthcare systems manage and report on competencies. The company has established strategic partnerships to provide the highest-quality learning content and resources. A team of more than 50 healthcare competency management experts helps to ensure every Dossier implementation is swift and each customer receives the attention and support they need. For more information, please visit https://dossier.com/.
About MTIP:
MTIP is a leading Swiss-based growth equity and buyout firm specializing in investments in European healthcare software companies. Our strategy focuses on partnering with high-growth, profitable businesses and visionary management teams. Leveraging our deep sector expertise, we help scale successful healthcare software companies achieve their full potential. At MTIP, our purpose is clear: Unlocking value, improving lives. Together with our portfolio companies, we create sustainable growth, advance innovation, and deliver long-term value that reshapes the global healthcare landscape. For more information, visit www.mtip.ch.
About Peakstone:
Peakstone is a specialist investor in growth stage B2B software and technology companies in Europe and North America. We partner with founder-owned businesses, often as first institutional investor. Through our capital and expertise, we help to build operations that scale and achieve ambitious growth targets. As operationally focused growth investors, we partner with ambitious management teams to scale and optimize their go-to-market, implement scalable operating systems and processes, and pursue value-accretive acquisitions. We provide capital, hands-on scale-up support and sector expertise, and a vast network of relationships to help transform innovative and fast-growing businesses into lasting, category-defining market leaders. The firm is headquartered in London, United Kingdom. For more information, please visit www.peakstonepartners.com.
Media Contact:
Anja-Vanessa Peter
Investor Relations & Communication Manager
anja.peter@mtip.ch
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