myneva

Enabling affordability and sustainability of social care across Europe

Company details

Year Aquired

2021

Location

Hamburg

Revenue

27,2 mEUR

Sector

Social Care Software

Employees

200

Investment Themes

Tech-Enabled Businesses

Contact

If you want to know more about myneva please contact Christian Melby at: christian.melby@summaequity.com

myneva at a glance

myneva is a leading software solutions provider for the social sector, offering proprietary solutions for elderly, disabled, youth and social care sectors. myneva’s products enable digital recordkeeping, administration, invoicing, quality, and staffing / scheduling. The company is one of the only providers that can offer such a wide product suite across much of continental Europe, and thus a leading player in building the infrastructure for affordable quality care for current and future generations of both patients and caregivers.

 

Recent developments

The myneva group was formed in 2017 in Hamburg around a merger of the Regas Group, Heimbas and Daarwin, and the subsequent acquisition of six established and independent software specialists. Since then, the company has experienced double-digit growth, having completed further add-on acquisitions and seen consistent revenue growth, including a high percentage of recurring revenues, continuous account growth and numerous new client wins. The company now operates in six countries across Europe, with 220 employees, and around 2,000 customers.

Impact dimensions

The challenges we face

The population demographics are continuing to skew older across the globe. In Europe, the proportion of people aged 80+ is expected to reach 13% in the year 2070, up from 4.9% in 2016. This is also expected to bring about a 70% increase in the share of EU GDP spent on long-term care between 2016 – 2070. The increasing expenditure will only further exacerbate the pressure on the quality of long-term care which is a critical factor in maintaining and improving the quality of life. Simultaneously other areas of social care provision, such as disability and youth care will continue to require investments. As an example, mental health disorders are predicted to be among the leading causes of disease burden globally by 2030.

 

What is the outcome

myneva offers software for social care providers and caregivers that allows them to spend less time and resources with administrative and organizational work and focus on improving care recipient quality of life and patient outcomes. The products also improve patient outcomes and patient handling through schedule optimization and ensuring the right medicine to the right patients at the right time.

 

Who are the stakeholders

myneva currently offers its solutions in six countries in Europe, benefitting social care provider organizations, caregivers, and care recipients and patients along with their families . Its solutions include admin, care documentation, billing, scheduling, home emergency call services, quality management, safe communication, and employee satisfaction monitoring. The solutions all contribute to improved speed, efficiency, security, and time management across the customer organizations. The benefits for care recipients and patients are better quality of care and more time and attention from caregivers.

 

How big is the effect, and does it last?

In 2020, myneva’s software was in use in over 2,000 care provider customers across six geographies in Europe. The software modules together cater for over 28 features which can be digitalized and processed through myneva.

 

If myneva didn’t exist…

Without myneva many of the admin and organizational topics would require manual input and processing which would eat into the time each caregiver can allocate to patients and also increase personnel expenses at their end customers, ultimately leading to more expensive and inefficient care provision for our society. Furthermore, solutions within e.g. quality control and safe communication also help minimize risks and potential health and safety issues.

 

Impact risk: what can go wrong

myneva manages very sensitive personal data and health records, which is dealt with through strict routines and strong data protection.

Year Aquired

2021

Revenue (2020)

27,2 mEUR

Employees

200

Investment Themes

Tech-Enabled Businesses

Sector

Social Care Software

Location

Hamburg

Contact

If you want to know more about myneva please contact Christian Melby at: christian.melby@summaequity.com

Website

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