It is not just another successful business. It is concrete proof that Portuguese companies are no longer just "trying their luck" abroad. They are leading, consolidating markets, and setting global standards.

Who would have thought, a few years ago, that a company born in Portugal would become a world reference in health care based on artificial intelligence, with an increasingly dominant presence in the United States and now a structured entry into one of the most demanding health systems in Europe, the German one. And yet, here we are.

Sword Health built its path away from the noise and close to execution. From an early age, he bet on a clear vision: to use artificial intelligence to democratise access to high-quality health care, starting with critical areas such as musculoskeletal care. While many spoke of innovation, Sword built technology, validated clinical results, gained trust from large employers and insurers, and scaled with discipline. Today, this strategy is reflected in an operation that now reaches more than 100 million people.

This acquisition is particularly relevant for two reasons. The first is the strengthening of Sword's position in the North American market, which continues to be the global epicentre of health tech innovation. By integrating Kaia's customer base in the US and replacing its musculoskeletal solution with Sword's AI Care platform, the Portuguese company accelerates growth and consolidates leadership in an extremely competitive market.

The second reason is the immediate entry into the German market. Germany is not a simple market. It has a highly regulated, demanding healthcare system with strict reimbursement processes. The fact that Kaia is already integrated into the German digital reimbursement system, covering more than 70 million people, gives Sword a privileged gateway to one of the largest healthcare markets in Europe. This is not opportunistic expansion. It is a strategic expansion.

What excites me most about this movement is what it represents for Portugal. For years, we heard that our talent had to go out to succeed. Today, we see the opposite: Portuguese companies acquiring foreign companies, leading global markets, and setting the pace of innovation. Sword Health is not an isolated case, but it is one of the clearest examples that Portugal can create world-class technology, with a real impact on people's lives.

This deal also shows that the combination of vision, technology, talent, and ambition works. There is no romanticism here. There is strategy, execution, and courage to compete on a global scale. And that is perhaps the greatest lesson of this story.

Sword Health is not just growing. It is showing that Portugal can, indeed, play in the first league of world innovation. And this is something that we should all observe, learn and, above all, value.