Deals roundup: Capio acquiring Medocular, Swedish eye health company. - Medical Device Daily

Deals roundup

Capio acquiring Medocular, Swedish eye health company

A Medical Device Daily Staff Report

Capio (Gotenburg, Sweden) has acquired 100% of the shares in Sweden-based Medocular, which specializes in general eye medicine, cataract surgery and treatment of defective-vision disorders, such as short-sightedness.

Medocular has annual sales of slightly more than $6.6 million, with 45 employees. The formal transfer of ownership will take place on Oct. 1. As part of the deal, Capio acquired all of Medoculars operations in Uppsala, Stockholm, Norrkoping, Linkoping, Gothenburg and Malmo, all in Sweden.

Medoculars operations focus primarily on assignments from the public health sector and the company annually carries out approximately 10% of all cataract operations in Sweden. Medocular will become part of Capios Healthcare Nordic business area.

Through Medocular, Capio gains a prominent position within eye health care services in Sweden and a strong platform for international expansion in this field, said Stanley Broden, director of Capios Healthcare Nordic. Rudolph Hahnenberger, president of Medocular, said, As part of the Capio Group, we see major opportunities for the further development of eye health care services in a broader context and for being able to increase availability for patients over the longer term.

In other dealmaking activities:

Exten Industries (San Diego, California) said it finalized its acquisition of all outstanding shares of MultiCell Associates (MCA; Warwick, Rhode Island), and will operate MCA as a wholly owned subsidiary. MCA owns the rights to certain patented technology for engineering human and other mammalian liver cells. These non-tumorigenic cells have applications for drug discovery and toxicological testing and could perform metabolic functions in liver-assist devices. Additionally, the cells have shown the ability to generate very complex proteins that have a variety of therapeutic and research applications. Terms were not disclosed.

HONG KONG: YORK CHOW MEETS SWEDISH HEALTH CHIEFS.(Brief Article) - Info-Prod Research (Middle East)

According to new.gov.hk, Secretary for Health, Welfare & Food Dr York Chow has established networks with Sweden's Ministry of Health & Social Affairs, and gained experience in health and elderly care services. Dr Chow began his two-day visit to Sweden on May 18 to gain experience in elderly care, and care of patients suffering old-age diseases. In Stockholm he visited a community-based primary healthcare facility, a home for people with dementia and a home help service centre for the elderly, to see the services provided by the facilities and understand their role in the country's healthcare services. Dr Chow also had a business lunch with some 40 guests from the Swedish Government and business communities. Dr Chow will visit the Swedish Handicap Institute and meet with the Swedish Minister for Health & Elderly Care Ylva Johansson on May 19.

YORK CHOW MEETS SWEDISH HEALTH CHIEFS - Info-Prod Research (Middle East)

According to new.gov.hk, Secretary for Health, Welfare & Food DrYork Chow has established networks with Sweden's Ministry of Health &Social Affairs, and gained experience in health and elderly careservices. Dr Chow began his two-dayvisit to Sweden on May 18 to gainexperience in elderly care, and care of patients suffering old-agediseases. In Stockholm he visited a community-based primaryhealthcare facility, a home for people with dementia and a home helpservice centre for the elderly, tosee the services provided by thefacilities and understand their role in thecountry's healthcareservices. Dr Chow also had a business lunch with some 40 guests fromthe Swedish Government and business communities. Dr Chow will visitthe Swedish Handicap Institute and meet with the Swedish Minister forHealth & Elderly Care Ylva Johansson on May 19.

Swedish health care company Feelgood Svenska AB posts record EBIT of SEK14.9m.(Financial report) - Nordic Business Report

NORDIC BUSINESS REPORT-16 February 2009-Swedish health care company Feelgood Svenska AB posts record EBIT of SEK14.9m(C)1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish health care services provider Feelgood Svenska AB (OMX Stockholm:FEEL) published its year-end figures on Monday (16 February), posting an operating profit (EBIT) of SEK14.9m, as compared to SEK12.9m in 2007.

The net turnover amounted to SEK552.7m, up from SEK474.9m in the previous year.

Earnings per share came to SEK0.13, as compared to SEK0.14 in 2007.

The year 2008 was Feelgod's best to date, with the growth driven by new acquisitions.

Feelgood, headquartered in Stockholm, Sweden, provides health care services to Swedish companies and private consumers. The company has some 750 employees.

One British pound (GBP) is worth approximately 12.16 Swedish kronor (SEK).

Swedish health care company Feelgood Svenska AB posts 1H operating profit of SEK6.9m.(Financial report) - Nordic Business Report

NORDIC BUSINESS REPORT-28 August 2008-Swedish health care company Feelgood Svenska AB posts 1H operating profit of SEK6.9m(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish health care services provider Feelgood Svenska AB (OMX Stockholm: FEEL) issued its half-year report on Thursday (28 August), posting an operating profit of SEK6.9m, as compared to SEK8.8m in the first half of 2007.

The decline was due to increased costs.

The net turnover amounted to SEK266.8m, up by 7.8% from SEK247.5m in the first half of last year.

Feelgood, headquartered in Stockholm, Sweden, provides health care services to Swedish companies and private consumers. The company has some 590 employees and reported sales of SEK475m in 2007.

One British pound (GBP) is worth approximately 11.74 Swedish kronor (SEK).

Swedish health care company Feelgood Svenska AB to acquire Haluxa AB. - Nordic Business Report

NORDIC BUSINESS REPORT-19 June 2008-Swedish health care company Feelgood Svenska AB to acquire Haluxa AB(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish health care services provider Feelgood Svenska AB (OMX Stockholm: FEEL) said on Thursday (19 June) that it has signed a memorandum of understanding to acquire the health care company Haluxa AB.

The purchase consideration amounts to SEK40m in cash and 20m shares of Feelgood Svenska. Following the transaction Haluxa's shareholders will hold a combined stake of 19% in Feelgood.

Haluxa is expected to achieve a turnover of SEK200m in 2008.

Feelgood, headquartered in Stockholm, Sweden, provides health care services to Swedish companies and private consumers. The company has some 560 employees and reported sales of SEK475m in 2007.

One British pound (GBP) is worth approximately 11.85 Swedish kronor (SEK).

Swedish health information sites could be improved - report.(Brief Article) - Nordic Business Report

NORDIC BUSINESS REPORT-14 May 2002-Swedish health information sites could be improved - report (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com

There is no Swedish-language web site for health information that fulfils all the requirements from the European Union, according to the Swedish National Board of Health and Welfare.

The board has reviewed 35 sites and found that there is much that can be improved. None of the 35 Swedish sites completely fulfils the requirements. The requirement that is the least fulfilled is to inform about the financial side of the site - only five of those reviewed clearly gave information on how the web site was paid for.

The entire review was presented at a recent conference, reported TT, a Swedish news service.