May 2026
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Largest HealthTech Public Companies in Poland
Benchmark revenue and EBITDA valuation multiples for public comps like
Benefit Systems, Diagnostyka, Synektik, Voxel and Medinice.
 | Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others. | $1,227 | +47% | $4B | $5B | 3.9x | 12.0x | ||
| Diagnostyka SA is engaged in providing laboratory diagnostics services in Poland. The company offers comprehensive laboratory services from collecting biological material, through testing, to providing results online. | $44 | -3% | $1B | $2B | 2.7x | 10.8x | ||
| Synektik SA is a supplier of innovative products, services and IT solutions for diagnostic imaging and nuclear medicine. It sells medical devices and IT solutions used in radiology and operates research laboratory for diagnostic imaging systems and a service centre for medical equipment. Its operating segments include the sale of medical equipment used in radiology and nuclear medicine and IT solutions, Maintenance services for medical equipment as well as acceptance and specialist tests and Radiopharmaceutical production. | $77 | +32% | $661M | $624M | 2.9x | 11.7x | ||
| Voxel SA is a network of diagnostic imaging laboratories created for patients and to increase access to high-quality tests. The company operates diagnostic imaging centers and laboratories and provides several services such as magnetic resonance imaging, computed tomography and positron emission tomography. It has 33 specialised laboratories in 21 cities throughout Poland. | $26 | -40% | $272M | $319M | 2.0x | 6.1x | ||
| Medinice SA is a Polish company operating in the MedTech industry. The company is engaged in creating, developing and commercializing solutions in the field of medicine, in particular, cardiology and cardio surgery. Its portfolio includes close around 12 projects including CathAIO, an electrode with universal diagnostic, electrophysiological, haemodinamic and biohemic functions and can be used for RF ablation; cryoapplicator, for minimally invasive cardiosurgical cryoablation; Med-iConsole allows to reduce the need to use multiple computer devices during electrophysiological treatment; Minimax and Pacepress. | $20 | +939% | $182M | $180M | — | (101.6x) | ||
| Scope Fluidics Spolka Akcyjna focuses on global challenges in health to develop diagnostic and med tech solutions. The company combines the expertise in microfluidic technology with the awareness of the challenges in medical diagnostics. It provides prototyping support for diagnostic services. | $32 | -21% | $102M | $65M | 2372.8x | (5.4x) | ||
| Medicalgorithmics SA is a medical technology company. It is engaged in the development of Digital Signal Processing (DSP) algorithms development and software and hardware electronics design for medical applications. The company specializes in providing advance technological solutions in the field of cardiac diagnostics, with a particular focus on ECG signal analysis. The group concentrates on the production and development of its flagship product Pocket ECG - a system for remote monitoring of cardiac arrhythmias. The offered solutions include algorithms and diagnostic systems used in remote heart monitoring. The company operates in Poland, the USA, and other, with majority of revenue from the USA. | $8 | +13% | $80M | $83M | 12.7x | (25.4x) | ||
| Genomtec SA is an technology company which works in the area of ​​ molecular diagnostics. It is a manufacturer of mobile molecular analyzers. The device are designed to identify pathogens including viruses, bacteria, and fungi by amplifying and detecting specific DNA and RNA fragments. | $2 | -17% | $25M | $23M | 84362.6x | (9.7x) | ||
| MedApp SA develops mobile solutions for medicine. The company's products include Carna Life and Holo. | $0 | +59% | $17M | $17M | 16.0x | 65.0x | ||
| Advanced Medical Equipment SA operates in the vitro diagnostic medical device industry. It specializes in creating advanced diagnostic solutions that aim to improve the quality of life of patients around the world. It is a company that combines advanced engineering with medical science. The company develops technologies that transform traditional diagnostic methods into modern, precise tools. | $1 | +13% | $16M | $16M | 64356.9x | 3799.8x | ||
| BioMaxima SA is a Polish company operating in the market of laboratory diagnostics. It is a manufacturer of microbiological substrates as well as a wide range of reagents and diagnostic equipment. The company is also a distributor of products of recognized multinational diagnostic companies such as: Accelerate Diagnostics, Nova Biomedical, PHC Group, Technoclone, Kabe and Biolog. | $3 | -24% | $13M | $17M | 1.1x | 13.0x | ||
| 7FIT SA is engaged in the operation of online supplement store. The company through its website offers a wide range of bodybuilding supplements for athletes. | $7 | +234% | $12M | $13M | 1.3x | 11.6x | ||
| Pharmena SA produces cosmeceuticals and pharmaceuticals. The company's activity focuses on three areas such as research in the USA and Canada on the application of selected pyridinium salts in medicine in order to develop an anti-atherosclerosis drug on a global scale, Production and sales of innovative patented dermocosmetics and introduction into the market of an innovative dietary supplement for atherosclerosis prophylaxis. Its products include Menavitin, Dermena, Allerco and Thermi. | $1 | -2% | $10M | $8M | 19.2x | (11.6x) | ||
| Genomed SA assembles outstanding molecular biologists and genetic diagnosticians. The company provides diagnostic service that comprises DNA analysis and congenital diseases diagnostics based on DNA sequencing. It offers Diagnostic service and Service for scientific purposes. | $7 | -1% | $9M | $7M | 0.9x | 5.2x | ||
| Nestmedic SA is a manufacturer of mobile telemedicine solution Pregnabit for remote fetal well-being - cardiotocographic (KTG). Pregnabit consists of a medical device (teleKTG) allowing to reliably and safely retrieve data using certified medical probes. | $0 | +28% | $9M | $8M | 30.0x | (9.5x) | ||
| Sds Optic SA is engaged in developing and creating solutions on the borderline of biochemistry, engineering and fiber optic technologies, used in cancer diagnosis and treatment. The company has designed an Opto-biological methodology that allows for instant cellular processes studies including in-vivo cancer diagnosis with single-cell resolution. The company is also focused on manufacturing Optoelectronics. | $1 | +10% | $8M | $8M | 37.6x | (21.3x) | ||
| Inventionmed SA focuses on the development of medical simulators based on VR technology for use in education in esthetic and clinical dermatology. The company's project consists of TutorDerm, Double immersion, Virtual Syringe, and others. | $0 | -38% | $6M | $7M | 8.0x | 21.0x | ||
| Brainscan SA is an AI system for lesion detection in the human brain based on computed tomography images. Algorithms powered by artificial intelligence analyze CT brain scans, automatically detecting and highlighting potential pathological changes. | $4 | -50% | $5M | $5M | 38.5x | (6.0x) | ||
| Stem Cells Spin SA is a biotechnology company. The company is engaged in the development, production, marketing, and sale of natural regenerative products for the dermocosmetic and veterinary care markets, as well as applications for the human and veterinary medical industry. Its products include NHAC Biocervin MIC-1, Revitacell, PRS MIC-1, and Velvetyna. | $0 | +129% | $5M | $5M | 253.9x | 16.5x | ||
| Milton Essex SA provides contact-free hybrid scanners for allergology and oncological dermatology. The products of the company include Ski Sense, FaceCov and InfraSkin. | $0 | +27% | $4M | $4M | 22.0x | 33.6x | ||
| CM International SA is a Poland based medical device company. It offers devices which include Big bfc which is a Multifunctional device for skin, face and body;PresoLimf which is a Lymphatic drainage machine and other devices like M3, Smalll bfc and Nuximia. | $3 | -19% | $3M | $5M | 1.0x | 17.1x | ||
| Massmedica SA is operating in the areas of reconstructive, regenerative, anti-aging and aesthetic medicine. It deals in the distribution of implants and other medical materials used in the treatment of diseases of the musculoskeletal system and in regenerative medicine. | $1 | +9% | $3M | $5M | 0.6x | 10.7x | ||
| Telemedycyna Polska SA offers telecardiology services for individual patients and medical facilities in Poland. The company offers cardiologic care services through telephone and Internet. The company also provides telemedical services to health centres. | $0 | -15% | $3M | $3M | 1.7x | (7.9x) | ||
| Grupa Modne Zakupy SA, formerly Infoscan SA is engaged in the research and development of medical instruments and diagnostics technologies. The company offers remote diagnostics of breathing disorders during sleep. | $0 | -40% | $2M | $1M | 1249.5x | (16.2x) | ||
| Adiuvo Investments SA is engaged in the selection, development, financing and commercialization of projects in the international market. The new technologies developed by the company focus on disease management, monitoring healthy lifestyle and treatment with the help of mobile devices and supplementation and functional food, or food, which in addition to nutritional properties also has health properties. | $0 | -47% | $2M | $9M | 99.8x | (19.0x) | ||
| Median | $2 | -1% | $10M | $9M | 14.4x | 6.1x |
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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