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 Medium
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 Medium
- Uniped AS−44
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 9.1% to −4.2%.
- Lovisenberg Driftstjenester AS+39
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −1.5% to 8.1%.
- Tian Helse AS−37
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 9.3% to −7.4%.
- Unicare Steffensrud AS−37
From 2024 to 2025: the operating margin fell from 4.8% to −65.0% and the equity ratio fell from 55.0% to −54.1%.
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 Medium
The five largest companies account for 11% of the sector's revenue. Combined profit before tax for the 177 ranked companies: 942 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Odontia Klinikkdrift AS 497 MNOK
- Diakonhjemmet Omsorg AS 492 MNOK
- Omsorgspartner AS 484 MNOK
- Limbra AS 435 MNOK
- Stendi Assistanse AS 410 MNOK
Operating revenue.
Most employees
- Stendi Assistanse AS 1,664
- Ecura Bpa AS 1,093
- Jag Assistanse AS 1,069
- Diakonhjemmet Omsorg AS 925
- Rogaland Omsorg AS 905
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Skaar Omsorg AS 6.7 MNOK
- Cosmo Clinic AS 6.5 MNOK
- Falck Helseformidling AS 5.8 MNOK
- Memira AS 5.0 MNOK
- Limbra AS 4.9 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
- Skaar Omsorg AS 45.5%
- Vitas AS 40.2%
- Cosmo Clinic AS 30.4%
- Bedriftshelsen AS 28.7%
- Favi AS 24.4%
Operating result divided by operating revenue.
Largest profit
- Ecura AS 118 MNOK
- Odontia Klinikkdrift AS 56 MNOK
- Falck Helseformidling AS 47 MNOK
- Memira AS 43 MNOK
- Bergen Røde Kors Sykehjem AS 40 MNOK
Profit before tax.
Largest loss
- Unicare Jeløy AS −84 MNOK
- Unicare Steffensrud AS −49 MNOK
- DR.Dropin AS −23 MNOK
- Lovisenberg Rehabilitering AS −19 MNOK
- OC Tannklinikker AS −17 MNOK
Profit before tax, the largest negative.
Most solid
- Helgeland Asv AS 96.7%
- Sarpsborg Asvo AS 92.5%
- Helgeland Industrier AS 92.0%
- Origod AS 89.4%
- Solstein AS 87.7%
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
- Skaar Omsorg AS +170.6%
- Norlandia Care Norge AS +116.8%
- Bufar Kompetanse AS +93.1%
- Odontia Klinikkdrift AS +90.4%
- Attende AS +65.9%
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- Sana Mottaksdrift AS −44.0%
- Ecura Bpa AS −36.0%
- Norlandia Hjemmeomsorg AS −25.6%
- UNICARE BO & Omsorg AS −20.1%
- INTERNATIONAL SOS (MEDSITE) AS −18.1%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- Lovisenberg Driftstjenester AS +39.4 points
- Rena Ungdoms- og Familiesenter AS +34.0 points
- Attende AS +34.0 points
- Muritunet AS +25.6 points
- Åstveit Helsesenter AS +24.6 points
Change in index points from the year before.
Biggest fallers
- Uniped AS −44.2 points
- Tian Helse AS −37.4 points
- Unicare Steffensrud AS −37.0 points
- Unicare Jeløy AS −30.0 points
- Bupa AS −27.3 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 Medium
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).
- Unicare Steffensrud AS profitability 54 → 1, solidity 67 → 0
- Tian Helse AS profitability 85 → 4, solidity 55 → 38
- Lovisenberg Driftstjenester AS profitability 10 → 85, solidity 52 → 68
- Unicare Jeløy AS profitability 40 → 0, solidity 66 → 0
- Uniped AS profitability 86 → 12, solidity 34 → 20
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 Medium
The sector's median operating margin is 4.0%. 8 of 179 companies have negative equity. The median equity ratio is 40.7%.
All figures are for fiscal year 2025. Ranked: 179 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 Medium
Change in rank from 2024 to 2025, for 159 companies ranked in both years.
Climbers
- 127Lovisenberg Driftstjenester ASfrom rank 155 to 2865
- 99Muritunet ASfrom rank 136 to 3763
- 89Mjøsanker Jobb og Utvikling ASfrom rank 125 to 3663
- 87Oslokollega Karriere ASfrom rank 127 to 4062
- 83Bergen Røde Kors Sykehjem ASfrom rank 139 to 5659
Fallers
- 129Tian Helse ASfrom rank 31 to 16028
- 127Uniped ASfrom rank 45 to 17217
- 108Bupa ASfrom rank 26 to 13439
- 107Unicare Steffensrud ASfrom rank 64 to 17119
- 104A2g Kompetanse ASfrom rank 18 to 12243
Awards · 2025 · Morning class Medium
Needs attention · 2025 · Morning class Medium
77 companies show at least one warning sign. Showing the 15 most important.
- criticalKlinikk Hausken ASNegative equity · Current ratio below 1 (0.40) · Loss before tax
- criticalBlå Kors Barnevern Malvik ASNegative equity · Current ratio below 1 (0.59) · Loss before tax
- criticalHavna Omsorg ASNegative equity · Current ratio below 1 (0.85) · Loss before tax
- criticalOC Tannklinikker ASNegative equity · Loss before tax
- criticalGrønn Jobb ASNegative equity · Current ratio below 1 (0.52)
- criticalTannféen Norge ASNegative equity · Current ratio below 1 (0.54)
- criticalUnicare Jeløy ASNegative equity · Loss before tax
- criticalUnicare Steffensrud ASNegative equity · Loss before tax
- watchLovisenberg Rehabilitering ASVery low equity ratio (5.1%) · Current ratio below 1 (0.95) · Loss before tax
- watchViken BO og Omsorg ASVery low equity ratio (2.8%) · Current ratio below 1 (0.79) · Loss before tax
- watchTY Tannklinikk ASVery low equity ratio (3.9%) · Current ratio below 1 (0.40) · Loss before tax
- watchHålogaland Helse og Omsorg ASVery low equity ratio (7.4%) · Current ratio below 1 (1.00) · Loss before tax
- watchUnicare Nord-Norge ASVery low equity ratio (8.3%) · Current ratio below 1 (0.51) · Loss before tax
- watchAvonova Solutions ASVery low equity ratio (1.8%) · Current ratio below 1 (0.84)
- watchNorlandia Care Norge ASCurrent ratio below 1 (1.00) · Loss before tax
Sector map · 2025 · Morning class Medium
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 |