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Analyst Comment

Nightingale starts a new strategic partnership with 23andMe and launches a pilot

By Antti LuiroHead of Nordic ER Development, Analyst
Nightingale Health

Translation: Original comment published in Finnish on 06/28/2024 at 6:23 pm EEST

 The companies pilot Nightingale Health's Remote Health Check service with a group of 23andMe consumer members. If the pilot succeeds, we estimate that Nightingale’s service can be integrated into 23andMe’s subscription services. The partnership offers Nightingale a potential route to the US consumer market, to which it has not had a clear path so far. 23andMe is an internationally well-known player in genetic testing, and we believe that this partnership is another good sign of the attractiveness of Nightingale’s technology.

Serving consumers with a partnership model (B2B2C) has been one of the segments Nightingale has pursued in its strategy. Opening this segment in the US is, of course, another good sign of the company’s ability to implement its strategy. If successful, the partnership can also bring significant revenue growth to Nightingale. However, we do see direct healthcare customers (B2B/B2G) as more important for the company’s business growth. Nightingale has released a lot of positive news for the healthcare segment, most recently earlier on Friday.

Nightingale Health operates in the medical technology sector. The company specializes in the development of medical technology products. The product portfolio is broad and includes platforms and services within blood analysis that are used for disease prevention purposes. In addition to the main business, service and related ancillary services are also offered. The business is operated globally with the largest presence in Europe.

Read more on company page

Key Estimate Figures10.05.2024

202324e25e
Revenue4.24.78.7
growth-%80.8 %12.8 %85.0 %
EBIT (adj.)-18.5-17.8-17.6
EBIT-% (adj.)-442.9 %-377.5 %-201.9 %
EPS (adj.)-0.30-0.27-0.27
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDA0.8neg.neg.

Forum discussions

A couple of months ago, I pondered that the company’s board is very homegrown for a global growth phase, and indeed, so is the management team...
yesterday
by Puutaheinää
7
Damn it. I have a hunch that Barrett is leaving on his own initiative. He is the only person in the company’s management team who has managed...
yesterday
by omegaalpha
9
Nightingale Health Plc | Stock Exchange Release | December 12, 2025 at 2:55:00 PM EET With the expansion of the international availability of...
yesterday
by TO
2
Very good numbers for the new product! This is a good starting point, and that’s what TT also thought when deepening the cooperation.
12/11/2025, 8:34 AM
by Ossi
0
One slide from Jeffrey Barrett’s UK Biobank presentation. A sample of 266 Terveystalo employees at least indicates that the test is useful for...
12/10/2025, 7:17 PM
by Monsieur
15
Paavola’s LinkedIn post doesn’t sound like the next steps are clear at this point: As announced yesterday, after four great years at Nightingale...
12/9/2025, 6:57 PM
by KuinVain
4
Not much can be said in its brief statement. Everything else would be pure speculation. And we seem to have plenty of that.
12/9/2025, 9:10 AM
by Pertti
2
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