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).
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