May 2026
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Largest HealthTech Public Companies in Italy
Benchmark revenue and EBITDA valuation multiples for public comps like
Stevanato Group, Diasorin, Amplifon, El.En. Group and GPI Group.
 | Stevanato Group SpA is a provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries. It delivers an integrated, end-to-end portfolio of products, processes, and services that address customer needs across the entire drug life cycle including development, clinical, and commercial stages. It has two segments; Biopharmaceutical and Diagnostic Solutions which generates key revenue, includes all the products, processes and services developed and provided for the containment and delivery of pharmaceutical and biotechnology drugs and reagents, as well as the production of diagnostic consumables and its other segment is Engineering. Geographically, the company derives majority revenue from Europe, Middle East and Africa. | $18 | -19% | $5B | $5B | 3.8x | 15.3x | ||
| Diasorin develops and manufactures a broad portfolio of in vitro diagnostics used for detecting pathogens and contamination of samples from the human body, as well as used in industrial settings such as food and water contamination testing. The company operates three segments: immunodiagnostics (66% of sales), molecular diagnostics (17%), and licensed technologies (14%). Diasorin was an important manufacturer of covid tests, which boosted its profits during the pandemic, but this segment’s importance has decreased over the years, and in 2024, it accounted for only 2% of total sales. | $75 | -29% | $4B | $4B | 3.2x | 9.7x | ||
| Amplifon SpA provides customizable hearing solutions and services through a distribution network of network affiliates, corporate shops, franchises, and shop-in-shops. The company operates in three segments based on geography: the Americas; Europe, the Middle East, and Africa; and Asia-Pacific. It generates the majority of its revenue in the EMEA region. It operates under a variety of brands in these regions, including Amplifon, Beter Horen, Maxtone, and Miracle-Ear. | $12 | -48% | $3B | $4B | 1.6x | 7.0x | ||
| El.En. SpA is engaged in the research and development, manufacturing, distribution, and sales of laser systems. The company operates in two divisions: medical and industrial. In the medical division, the application of laser is used as a healing treatment for aesthetic, surgical, physiotherapy and dental. Industrial division develops solutions for laser material processing applications through cutting, marking, laser sources and restoration. The company generates the majority of its revenue from the medical division. Geographically, it derives maximum revenue from the Rest of the World. | $18 | +41% | $1B | $1B | 1.8x | 11.3x | ||
| GPI SpA operates in the field of social-healthcare IT services and hi-tech services for health. It provides services in the areas of IT systems, healthcare, pharmacy logistics, electronic payment solutions, and ICT infrastructures and systemic services. | $17 | +43% | $497M | $875M | 1.4x | 6.7x | ||
| Svas Biosana SpA operates in the production and distribution of medical device. | $10 | +10% | $55M | $122M | 0.9x | 6.0x | ||
| Talea Group SpA is an online retailer of heath and wellness products in Italy. The product categories of the company include over-the-counter drugs; orthopedics and aids; homeopathic products; para pharmaceuticals; medical devices; products for children; herbal; diet products and pet products among others. | $6 | +5% | $47M | $85M | 0.6x | 24.4x | ||
| Maps SpA is a software solution provider. It designs and develops software solutions that improve service quality, increase operational efficiency, and help customers improve their decision-making. The company predominantly caters to its customers in the Healthcare, Energy, and ESG sectors. Its Healthcare Business Unit develops solutions related to patient experience and telemedicine, data-driven governance platforms, applications for the digitization of diagnostic service workflows, radiology, laboratory tests, and others. The Energy business unit supports the changes taking place for the energy transition, and its ESG Business Unit commercializes solutions that measure the achievement of corporate and employee goals, manage risks, and report on non-financial performance. | $3 | -29% | $38M | $40M | 1.1x | 6.0x | ||
| IMD International Medical Devices SpA is a company manufacturing X-ray medical equipment with a complete range of mobile imaging systems. | $2 | 0% | $27M | $18M | 0.4x | 5.8x | ||
| Farmacosmo SpA is a wellness e-commerce company active in the Health, Pharma, and Wellness industry, authorized by the Italian Ministry of Health to sell pharmaceutical products online. In particular, the company offers parapharmaceutical products, vitamins and food supplements, dietetic products, medical devices, cosmetic products, personal hygiene products, hair care products, dental care products, skincare products, perfumes, home and baby items. | $0 | -32% | $18M | $20M | 0.3x | 23.8x | ||
| Media Lab SpA provides IT services for the dental sector. It is engaged in the development of software dedicated to the dental market. The company's products include Implant 3D, Guidedesign, Confident among others. | $4 | +55% | $9M | $9M | 4.1x | 13.3x | ||
| Predict SpA develops innovative healthcare technologies, such as Optip and Mistral, and sells medical diagnostic imaging systems. Its products include Versana Active GE, Optic probe, Versana Balance GE, Voluson S-series, and Vivid T8. | $1 | +28% | $7M | $4M | 0.5x | 4.6x | ||
| Median | $8 | +3% | $51M | $104M | 1.2x | 8.4x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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