What I have been up to and why I posted so little
As your focus is Healthcare, I will share 2 ideas you may want to take a look at:
* Sectra AB (SECT_B) SEK 220 ; down 41% from a July/2025 peak.
https://investor.sectra.com/this-is-sectra/our-business-operations/imaging-it-solutions/
* Pro Medicus (PME.AX) $124 ; down 62% from a July/2025 peak.
https://www.promed.com.au/investors/
These 2 companies are a virtual duopoly in Medical Imaging Software.
Their products are hardware agnostic and they are DICOM compliant.
Since you have looked at AGFB's business, you may have some familiarity with this sector.
The businesses are almost entirely recurring revenue
and usage-based rather than seat-based subscriptions.
Usage is non-discretionary and immune to economic cycles.
Customer retention has been 100% since their inception decades ago.
Aging population demographics are increasing the increasing the need
for imaging diagnostics globally.
Radiologists I have checked with use both systems at different hospitals and clinics.
Incorporation of AI features are reducing workloads for radiologists.
Both businesses are still controlled by their founders.
The recent 'SaaSpocalypse' may have created a potential buying opportunity.
As your focus is Healthcare, I will share 2 ideas you may want to take a look at:
* Sectra AB (SECT_B) SEK 220 ; down 41% from a July/2025 peak.
https://investor.sectra.com/this-is-sectra/our-business-operations/imaging-it-solutions/
* Pro Medicus (PME.AX) $124 ; down 62% from a July/2025 peak.
https://www.promed.com.au/investors/
These 2 companies are a virtual duopoly in Medical Imaging Software.
Their products are hardware agnostic and they are DICOM compliant.
Since you have looked at AGFB's business, you may have some familiarity with this sector.
The businesses are almost entirely recurring revenue
and usage-based rather than seat-based subscriptions.
Usage is non-discretionary and immune to economic cycles.
Customer retention has been 100% since their inception decades ago.
Aging population demographics are increasing the increasing the need
for imaging diagnostics globally.
Radiologists I have checked with use both systems at different hospitals and clinics.
Incorporation of AI features are reducing workloads for radiologists.
Both businesses are still controlled by their founders.
The recent 'SaaSpocalypse' may have created a potential buying opportunity.