Capio Acquires Medocular AB.Business Editors GOTHENBURG, Sweden--(BUSINESS WIRE)--Sept. 20, 2001 Capio (OMX OMX Office Max (stock symbol) :CAP.) has acquired 100% of the shares in Medocular AB, the largest private company in the eye healthcare (ophthalmologic) field in the Nordic region. Medocular has annual sales of slightly more than SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 70 M, with 45 employees. The formal transfer of ownership will take place on October 1, 2001. Capio AB has acquired all of Medocular's operations in Uppsala, Stockholm, Norrkoping, Linkoping, Gothenburg and Malmo, all in Sweden. Medocular, which was established 15 years ago, is today the largest private-sector company in the ophthalmic ophthalmic /oph·thal·mic/ (of-thal´mik) ocular (1). oph·thal·mic adj. Of or relating to the eye; ocular. Ophthalmic Pertaining to the eye. care field. Operations focus primarily on assignments from the public health sector and the company annually carries out approximately 10% of all cataract cataract, in medicine, opacity of the lens of the eye, which impairs vision. In the young, cataracts are generally congenital or hereditary; later they are usually the result of degenerative changes brought on by aging or systemic disease (diabetes). operations in Sweden. Organisationally, Medocular will become part of Capio's Healthcare Nordic business area. "Through Medocular, Capio gains a prominent position within eye healthcare services in Sweden and a strong platform for international expansion in this field," says Stanley Broden, Head of Business Area Healthcare Nordic. Medocular specialises in general eye medicine, cataract surgery Cataract Surgery Definition Cataract surgery is a procedure performed to remove a cloudy lens from the eye; usually an intraocular lens is implanted at the same time. Purpose The purpose of cataract surgery is to restore clear vision. and treatment of defective-vision disorders, such as short-sightedness (myopia myopia: see nearsightedness. ). "As part of the Capio Group, we see major opportunities for the further development of eye healthcare services in a broader context and for being able to increase availability for patients over the longer term," says Rudolph Hahnenberger, President of Medocular. Note to Editors: This press release is also accessible online at www.Waymaker.net. The following files are available for download: http://www.waymaker.net/bitonline/2001/09/20/20010920BIT00340/bit0003.doc http://www.waymaker.net/bitonline/2001/09/20/20010920BIT00340/bit0003.pdf |
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