Sector

Helse og omsorg

1,996 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology

Morning company class

Morning company classes are our own division by revenue, not an official standard: Micro NOK 1m–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Companies are ranked only against others in the same class, and every figure below is for the class you have chosen. What are Morning company classes?

Ranking · 2024 · Morning class Large

Morning class Large · 2024
#	Company	Profile	Score	Change
1	Aberia Ung AS	Leader	91	+27
2	Stendi AS	Leader	73	−9
3	AS MED-LAB	Leader	71	0
4	Aleris Helse AS	Leader	66	−20
5	Unilabs Norge AS	Leader	65	−5
6	DR Furst Medisinsk Laboratorium AS	Sprinter	60	+13
7	Diakonhjemmet Sykehus AS	Steward	56	−3
8	Norsk Luftambulanse AS	Builder	56	−10
9	Lovisenberg Diakonale Sykehus AS	Steward	55	−2
10	Evidia Norge AS	Leader	54	−18
11	Haraldsplass Diakonale Sykehus AS	Steward	52	−5
12	Oris Dental AS	Sprinter	52	−8
13	Volvat Medisinske Senter AS	Steward	49	+17
14	Ecura BO og Habilitering AS	Sprinter	47	−1
15	Prima Assistanse AS	Sprinter	44	−12
16	Hero Norge AS	Sprinter	43	−17
17	ABERIA OMSORG & Assistanse AS	Builder	42	−4
18	Helse Vest IKT AS	Builder	41	0
19	Colosseumklinikken AS	Sprinter	37	−6
20	Falck Norge AS	Steward	35	+18
21	Avonova Helse AS	Builder	24	+13
22	Lovisenberg Omsorg AS	Builder	19	−2
23	Avincis Aviation Norway AS	Builder	12	+2

Download as CSV (opens in Excel)

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 Large

Aleris Helse AS
From 2023 to 2024: the equity ratio fell from 59.9% to 38.0% and revenue grew by 17%.
−20
Evidia Norge AS
From 2023 to 2024: the equity ratio fell from 56.8% to 51.5%.
−18
Falck Norge AS
From 2023 to 2024: the equity ratio rose from 2.7% to 35.5% and the operating margin rose from −10.4% to −5.5%.
+18
Hero Norge AS
From 2023 to 2024: the operating margin fell from 14.3% to 9.8% and revenue fell by 21%.
−17

Top lists in the sector · 2024 · Morning class Large

The five largest companies account for 43% of the sector's revenue. Combined profit before tax for the 23 ranked companies: 1,325 MNOK.

Size

The largest by revenue and employees, and who earns the most per employee.

Highest revenue

Stendi AS 3,058 MNOK
Lovisenberg Diakonale Sykehus AS 3,034 MNOK
Diakonhjemmet Sykehus AS 2,877 MNOK
Helse Vest IKT AS 2,039 MNOK
Oris Dental AS 2,013 MNOK

Operating revenue.

Most employees

Stendi AS 4,724
Lovisenberg Diakonale Sykehus AS 2,848
Ecura BO og Habilitering AS 2,831
Prima Assistanse AS 2,512
Diakonhjemmet Sykehus AS 2,274

Employees according to the Central Coordinating Register.

Highest revenue per employee

DR Furst Medisinsk Laboratorium AS 32.2 MNOK
Avincis Aviation Norway AS 5.0 MNOK
Norsk Luftambulanse AS 4.8 MNOK
Aleris Helse AS 2.8 MNOK
Helse Vest IKT AS 2.4 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

AS MED-LAB 18.1%
Unilabs Norge AS 13.5%
Aberia Ung AS 13.3%
Aleris Helse AS 11.9%
Oris Dental AS 11.7%

Operating result divided by operating revenue.

Largest profit

Stendi AS 350 MNOK
Aleris Helse AS 236 MNOK
AS MED-LAB 187 MNOK
DR Furst Medisinsk Laboratorium AS 112 MNOK
Oris Dental AS 89 MNOK

Profit before tax.

Largest loss

Avincis Aviation Norway AS −159 MNOK
Volvat Medisinske Senter AS −70 MNOK
Falck Norge AS −34 MNOK
Lovisenberg Omsorg AS −25 MNOK
Avonova Helse AS −25 MNOK

Profit before tax, the largest negative.

Most solid

Volvat Medisinske Senter AS 56.9%
Aberia Ung AS 56.4%
Evidia Norge AS 51.5%
Lovisenberg Diakonale Sykehus AS 48.1%
Diakonhjemmet Sykehus AS 47.7%

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

Aberia Ung AS +42.5%
Lovisenberg Omsorg AS +34.3%
Stendi AS +27.9%
AS MED-LAB +26.5%
DR Furst Medisinsk Laboratorium AS +26.3%

Revenue growth from the year before, only from at least NOK 10 million in revenue.

Largest revenue decline

Hero Norge AS −21.2%
Avonova Helse AS −3.8%

Revenue decline from the year before, only from at least NOK 10 million in revenue.

Biggest climbers

Falck Norge AS +18.6 points
Volvat Medisinske Senter AS +17.3 points
Avonova Helse AS +13.0 points
DR Furst Medisinsk Laboratorium AS +12.2 points
Avincis Aviation Norway AS +1.4 points

Change in index points from the year before.

Biggest fallers

Aleris Helse AS −20.1 points
Evidia Norge AS −17.3 points
Hero Norge AS −16.5 points
Prima Assistanse AS −12.1 points
Norsk Luftambulanse AS −10.6 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.

Quadrant analysis

Positions in the sector · 2024 · Morning class Large

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 2023 (small ring).

Falck Norge AS profitability 2 → 2, solidity 17 → 58
Aleris Helse AS profitability 80 → 91, solidity 100 → 63
Lovisenberg Omsorg AS profitability 34 → 7, solidity 0 → 0
AS MED-LAB profitability 77 → 100, solidity 61 → 53
Hero Norge AS profitability 100 → 77, solidity 31 → 30

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

Company	Profile	Profitability	Solidity	In 2023 (profitability / solidity)
AS MED-LAB	Lion	100	53	77 / 61
Aberia Ung AS	Lion	91	95	–
Aleris Helse AS	Lion	91	63	80 / 100
Oris Dental AS	Cheetah	82	44	93 / 51
Hero Norge AS	Cheetah	77	30	100 / 31
DR Furst Medisinsk Laboratorium AS	Cheetah	75	40	89 / 26
Unilabs Norge AS	Lion	73	67	70 / 66
Evidia Norge AS	Lion	70	91	80 / 95
Stendi AS	Lion	68	72	70 / 85
Prima Assistanse AS	Cheetah	61	21	61 / 36
Colosseumklinikken AS	Cheetah	52	2	52 / 12
Ecura BO og Habilitering AS	Cheetah	50	35	55 / 46
ABERIA OMSORG & Assistanse AS	Beaver	45	26	50 / 41
Norsk Luftambulanse AS	Beaver	43	49	64 / 56
Helse Vest IKT AS	Beaver	36	16	41 / 22
Diakonhjemmet Sykehus AS	Elephant	34	81	25 / 75
Lovisenberg Diakonale Sykehus AS	Elephant	32	86	27 / 90
Haraldsplass Diakonale Sykehus AS	Elephant	23	77	36 / 71
Volvat Medisinske Senter AS	Elephant	18	100	11 / 80
Avonova Helse AS	Beaver	14	12	9 / 0
Lovisenberg Omsorg AS	Beaver	7	0	34 / 0
Avincis Aviation Norway AS	Beaver	5	7	5 / 0
Falck Norge AS	Elephant	2	58	2 / 17

The sector in numbers

Summary · fiscal year 2024 · Morning class Large

The sector's median operating margin is 5.7%. 1 of 23 companies have negative equity. The median equity ratio is 34.7%.

Companies with accounts23

Total revenue30,092 MNOK

Median operating margin5.7%

Median equity ratio34.7%

Share with a loss22%

Share with negative equity4%

All figures are for fiscal year 2024. Ranked: 23 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 Large

Change in rank from 2023 to 2024, for 22 companies ranked in both years.

Climbers

8DR Furst Medisinsk Laboratorium ASfrom rank 14 to 660
5Volvat Medisinske Senter ASfrom rank 18 to 1349
2Diakonhjemmet Sykehus ASfrom rank 9 to 756
2Lovisenberg Diakonale Sykehus ASfrom rank 11 to 955
1AS MED-LABfrom rank 4 to 371

Fallers

8Hero Norge ASfrom rank 8 to 1643
7Evidia Norge ASfrom rank 3 to 1054
5Oris Dental ASfrom rank 7 to 1252
3Aleris Helse ASfrom rank 1 to 466
3Prima Assistanse ASfrom rank 12 to 1544

Awards · 2024 · Morning class Large

Most profitableAS MED-LAB18.1%

Fastest growthAberia Ung AS42.5%

Strongest balance sheetVolvat Medisinske Senter AS56.9%

Largest revenueStendi AS3,058 MNOK

Highest revenue per employeeDR Furst Medisinsk Laboratorium AS32.2 MNOK

Needs attention · 2024 · Morning class Large

17 companies show at least one warning sign. Showing the 15 most important.

criticalLovisenberg Omsorg ASNegative equity · Current ratio below 1 (0.45) · Loss before tax
watchAvincis Aviation Norway ASVery low equity ratio (3.1%) · Current ratio below 1 (0.70) · Loss before tax
watchAvonova Helse ASVery low equity ratio (4.4%) · Current ratio below 1 (0.96) · Loss before tax
watchVolvat Medisinske Senter ASCurrent ratio below 1 (0.88) · Loss before tax
watchPrima Assistanse ASVery low equity ratio (8.2%) · Current ratio below 1 (0.55)
watchLovisenberg Diakonale Sykehus ASCurrent ratio below 1 (0.93)
watchHelse Vest IKT ASVery low equity ratio (6.3%)
watchOris Dental ASCurrent ratio below 1 (0.35)
watchAleris Helse ASCurrent ratio below 1 (0.95)
watchColosseumklinikken ASVery low equity ratio (1.9%)
watchEcura BO og Habilitering ASCurrent ratio below 1 (0.89)
watchDR Furst Medisinsk Laboratorium ASCurrent ratio below 1 (0.80)
watchAS MED-LABCurrent ratio below 1 (0.91)
watchHero Norge ASCurrent ratio below 1 (0.79)
watchFalck Norge ASLoss before tax

Sector map · 2024 · Morning class Large

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

Company	Operating margin	Equity ratio	Revenue
Aberia Ung AS	13.3%	56.4%	608 MNOK
Stendi AS	9.4%	41.0%	3,058 MNOK
AS MED-LAB	18.1%	35.1%	1,015 MNOK
Aleris Helse AS	11.9%	38.0%	1,820 MNOK
Unilabs Norge AS	13.5%	39.1%	635 MNOK
DR Furst Medisinsk Laboratorium AS	10.5%	25.4%	1,193 MNOK
Diakonhjemmet Sykehus AS	1.5%	47.7%	2,877 MNOK
Norsk Luftambulanse AS	5.7%	34.7%	1,030 MNOK
Lovisenberg Diakonale Sykehus AS	1.9%	48.1%	3,034 MNOK
Evidia Norge AS	11.2%	51.5%	593 MNOK
Haraldsplass Diakonale Sykehus AS	0.4%	43.8%	1,340 MNOK
Oris Dental AS	11.7%	30.9%	2,013 MNOK
Volvat Medisinske Senter AS	−2.8%	56.9%	1,097 MNOK
Ecura BO og Habilitering AS	4.6%	22.0%	1,359 MNOK
Prima Assistanse AS	6.4%	8.2%	652 MNOK
Hero Norge AS	9.8%	21.5%	700 MNOK
ABERIA OMSORG & Assistanse AS	2.0%	18.5%	563 MNOK
Helse Vest IKT AS	4.8%	6.3%	2,039 MNOK
Colosseumklinikken AS	7.6%	1.9%	1,668 MNOK
Falck Norge AS	−5.5%	35.5%	630 MNOK
Avonova Helse AS	−2.8%	4.4%	591 MNOK
Lovisenberg Omsorg AS	−3.0%	−36.3%	886 MNOK
Avincis Aviation Norway AS	−10.6%	3.1%	691 MNOK

Holding and investment companies · 2024

86 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: 31 have at least 10 MNOK in assets and are listed.

Holding and investment companies
Rank	Company	Score	Equity ratio	Return on assets	Current ratio	Total assets
1	Carlsten Holding AS	90	99.5%	44.6%	173.74	10 MNOK
2	Dmpsteg Holding AS	85	96.9%	66.5%	4.95	15 MNOK
3	Ylvind Holding AS	79	99.7%	27.0%	305.59	20 MNOK
4	Thilesen Holding AS	72	90.1%	35.4%	9.85	52 MNOK
5	Bch Holding AS	68	92.6%	36.7%	1.84	10 MNOK
6	Fewi Holding AS	66	68.7%	76.5%	3.19	20 MNOK
7	M&V Holding AS	66	81.3%	76.1%	1.16	1,136 MNOK
8	Nhf Holding AS	65	99.0%	8.1%	65.42	13 MNOK
9	Clh Holding AS	63	77.5%	44.5%	4.10	18 MNOK
10	Endre Hodneland Holding AS	60	89.4%	26.8%	7.47	14 MNOK
11	Eija Holding AS	58	66.8%	48.7%	2.60	32 MNOK
12	Coperio Holding AS	55	96.0%	2.7%	25.53	194 MNOK
13	Rundhaug Holding AS	54	88.7%	29.5%	1.17	13 MNOK
14	Coysa Holding AS	51	81.4%	26.0%	3.15	10 MNOK
15	Minster Holding AS	50	73.1%	27.5%	3.57	14 MNOK
16	Blid Holding AS	50	100.0%	0.2%	–	31 MNOK
17	Nevrokiro Holding AS	50	94.9%	1.1%	19.08	20 MNOK
18	Omnivalent Holding AS	50	46.4%	40.5%	3.34	39 MNOK
19	Tveite Invest AS	48	56.6%	57.2%	0.11	15 MNOK
20	J S Holding AS	47	91.9%	2.4%	8.45	49 MNOK

Show all 31

Rank	Company	Score	Total assets
21	Mare Holding AS	46	18 MNOK
22	Efraim Holding AS	46	22 MNOK
23	Aukland Holding AS	43	35 MNOK
24	Fürst Holding AS	36	1,819 MNOK
25	BJØRN J. Hansen Holding AS	33	39 MNOK
26	Gatty Holding AS	28	16 MNOK
27	Link Holding AS	26	107 MNOK
28	Mza Invest AS	23	12 MNOK
29	Pepper Holding AS	21	32 MNOK
30	Oris Dental Holding AS	13	2,337 MNOK
31	Human Care Holding AS	9	1,087 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

Property and finance earn the margins, but not the securityNo. 8 of 22 on median operating margin
Boards of water, mining and shipping firms are oldest; IT and construction youngestNo. 18 of 22 on median board age

All articles

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))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin fell 0.7 percentage points.

Consumer price index per year and the sector's median operating margin
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 4 November 2026

Policy rate (prosent)

Latest value: 4.50 (2026-10)

Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin fell 0.7 percentage points.

Policy rate per year and the sector's median operating margin
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 4 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)

All bankruptcies and liquidations in the sector

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