Arjo

Arjo is a publicly traded operating company listed on Nasdaq Stockholm, not a family office or an investment vehicle. It was created through a 2017 spinout from Getinge Group, distributing Arjo shares to existing Getinge shareholders. The company manufactures and sells medical equipment — primarily patient lifts, hospital beds, and hygiene systems — and generates its revenue from healthcare providers rather than managing third-party capital.

Getinge's board determined that its Extended Care division, which became Arjo, had a different growth profile, customer base, and R&D cadence than the surgical and intensive-care businesses retained under the Getinge name. The separation allowed each entity to pursue a focused strategy — Arjo on post-acute and long-term care, Getinge on sterile reprocessing and life-support systems in operating rooms and ICUs. The demerger was completed via a Lex ASEA distribution of shares to Getinge holders, with Arjo debuting on Nasdaq Stockholm on December 14, 2017 (per the firm's 2017 annual report).

Arjo operates a razor-and-blade model: capital equipment sales (beds, lifts, bathing systems) create an installed base, while consumables (slings, disinfectants, mattresses) and multi-year service contracts produce recurring revenue. The company also sells clinical education and training programs to help facilities comply with safe patient handling regulations. The 2024 annual report showed group revenue of SEK 10.3 billion, with consumables and service representing a stable, higher-margin stream relative to one-time equipment placements.

Arjo has focused on small, bolt-on acquisitions that extend its product catalog or geographic reach rather than transformative M&A. In October 2024, it acquired Carebidet, a Japanese manufacturer of electronic bidet toilet seats for the long-term care sector, adding approximately SEK 40 million in annual sales (per the firm, October 2024). Earlier, it acquired AirPal, which makes air-assisted lateral transfer systems for moving patients between surfaces, and took a minority position in Atlas Lift Tech to integrate clinical advisory services into its US offering.

Arjo maintains manufacturing and assembly operations in Poland, Canada, and China. The Polish facility in Komorniki is the largest production site and handles patient lifts, bathing equipment, and slings. The Canadian plant produces medical beds and therapeutic surfaces, while the Chinese operation supports regional demand and selected global product lines. Component sourcing spans multiple European and Asian supply chains, and finished goods are distributed through warehouses in the US, Europe, and APAC.