Porto Leading Investor Sword Health acquires Kaia Health for $285 million with plans for expansion
Portuguese healthtech Sword Health accelerate global expansion and plans further acquisitions while preparing a $500 million funding round
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.
In addition to its acquisition strategy, Sword Health is preparing a new funding round of around $500 million in the first quarter, highlighting its ongoing growth ambitions. The company has recently invested in a health-focused AI hub in Porto and signed an agreement with the Greek government to establish the country's first telephone-based health information and triage line.
Despite the rapid expansion and investment plans, Bento has ruled out a near-term IPO, citing the complexities of managing a publicly listed company. Sword Health continues to focus on innovation and strategic growth through acquisitions and international partnerships, strengthening the company’s global presence and positioning itself as a leading innovator in digital health.
