Portuguese startup and Porto Leading Investor Sword Health, valued at over $4 billion, has acquired German competitor Kaia Health in a $285 million deal, marking its largest acquisition to date. The move strengthens Sword Health's presence in the US and opens access to the German market, as Kaia Health also specialises in technology-driven patient rehabilitation.
CEO Virgílio Bento confirmed that this acquisition is just the beginning of a more aggressive expansion strategy for 2026. He indicated that further acquisitions are expected in the first half of the year, as the company seeks to consolidate its position in key international markets.
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