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PatientSky Group AS Completes Restructuring and Strategic Acquisition

Story Highlights
  • PatientSky Group AS has reduced its cost base, extending its financial runway.
  • The acquisition of Kuba Norge AS marks a strategic step in executing PatientSky’s new strategy.
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PatientSky Group AS Completes Restructuring and Strategic Acquisition

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PatientSky Group AS ( (DE:P990) ) has provided an announcement.

PatientSky Group AS has successfully completed a restructuring process that has significantly reduced its cost base, thereby extending its financial runway to demonstrate profitability and growth. The company has no debt and held NOK 22.9 million in cash at the end of June. The governance and leadership have been strengthened with a new board, management team, and auditor, laying a solid foundation for executing its strategy. A capital raise of NOK 14.4 million at NOK 3 per share, along with a reverse share split in the first quarter, provides the company with the flexibility to pursue growth opportunities. The strategic acquisition of Kuba Norge AS, a leading provider of OHS and HSE solutions in Norway, marks the first step in executing the new strategy. Although the first half of 2025 still shows some one-off impacts from the restructuring, the company’s operational and financial situation is now leaner and more efficient.

More about PatientSky Group AS

Average Trading Volume: 29,837

Current Market Cap: NOK35.84M

For an in-depth examination of P990 stock, go to TipRanks’ Overview page.

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