Summa Equity Fund II (Summa) has acquired a majority stake in myneva, the European software provider for the social care sector.
myneva offers dedicated SaaS solutions across the elderly, disabled, social, and youth care sectors, helping care providers to digitise their workflows to better manage increased demand for care, and respond to converging patient needs.
Europe’s social sector is under increasing pressure, as it adapts to population growth and demographic trends, government efforts to improve social inclusion, and a convergence of patient needs. Care providers face a range of challenges, including increased regulation and compliance, a shortage of time and resources, limited business and IT expertise, and the need to balance daily operations and liquidity requirements.
This combination of factors presents a significant opportunity for myneva, which offers a multi-care solution enabling providers to meet their clients’ varied and evolving requirements, alongside the many regulatory and administrative demands placed upon them. myneva drives digitization across planning, care giving, documentation, invoicing, and reporting, increasing workflow efficiency and overall care.