# CompuGroup Medical AG

CompuGroup Medical AG is a Healthcare Software / eHealth Provider based in Koblenz, Germany.

## Overview

- **Organization type:** Healthcare Software / eHealth Provider
- **Headquarters:** Koblenz, Germany
- **Region:** Europe
- **Address:** Koblenz, Germany
- **Founded:** 1987
- **Assets under management:** Undisclosed
- **Website:** www.cgm.com
- **LinkedIn:** https://www.linkedin.com/company/compugroup-medical-ag

## Regulatory record

- **Reports private funds:** No

## About

CompuGroup Medical AG was founded in 1987 by Frank Gotthardt in Koblenz, Germany. Gotthardt, a physician and entrepreneur, identified an early opportunity to digitize medical practice administration. The firm went public on the Frankfurt Stock Exchange in 2007, and Gotthardt remains a significant shareholder. The company's strategy centers on three divisions: ambulatory information systems (practice management software for doctors), pharmacy information systems, and hospital information systems. It also offers cloud-based services like telemedicine and patient portals. Notable acquisitions include CGM LAB in 2019 (per CGM investor relations, 2019), expanding lab IT capabilities. The geographic footprint covers Europe, the Middle East, and parts of Asia, with key markets in Germany, France, and Austria. As of mid-2026, CompuGroup Medical employs around 9,000 people globally. The firm maintains offices across 18 countries, including major hubs in Berlin, Vienna, and Paris. Adjacent activities include the CGM Foundation, focused on digital health innovation in underserved regions. A notable recent event: January 2026 saw the launch of a new AI-driven clinical decision support module integrated into its practice management suite (per CGM press release, January 2026). A structural differentiator is CompuGroup Medical's regulatory moat — its software handles legal requirements for electronic health records and prescription exchange across multiple national healthcare systems. This compliance burden creates high switching costs for providers, locking in recurring subscription revenue. The firm's ownership remains founder-influenced, with Gotthardt's stake providing long-term strategic continuity.

## Sectors

- Digital Health
- Healthcare Services
- Enterprise Software

## People

- Frank Gotthardt — Founder
- Michael Rauch — CEO

## Questions

### Who runs CompuGroup Medical?

Founder Frank Gotthardt remains a major shareholder and Chairman of the Supervisory Board. Michael Rauch has served as CEO since 2021, leading the executive board (per CGM annual report, 2021).

### How does CompuGroup Medical generate revenue?

The firm generates recurring revenue through cloud-based practice management software subscriptions, license fees for on-premise installations, and transaction fees from prescription and billing processing. The majority of revenue comes from long-term contracts with healthcare providers (per CGM investor relations documents).

### What investment stages does CompuGroup Medical target?

As a publicly traded company, CompuGroup Medical does not operate as an investment firm. It is the operating entity itself, not a fund or family office allocating external capital.

### Which sectors does CompuGroup Medical focus on?

CompuGroup Medical focuses exclusively on healthcare IT, with emphasis on digital health software, electronic health records, practice management, and pharmacy information systems. It does not have exposure to other sectors.

### What is CompuGroup Medical's geographic footprint?

The company operates in 18 countries, primarily across Europe (Germany, France, Austria, Switzerland, and Eastern European markets) with additional presence in the Middle East and Asia (per CGM company profile).

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Last updated: 2026-06-03T20:00:00.000Z

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