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Coloplast A/S completes divestment of Sterling Medical Services LLC.

NORDIC BUSINESS REPORT-18 April 2006-Coloplast A/S completes divestment of Sterling Medical Services LLC(C)1994-2006 M2 COMMUNICATIONS LTD

The Danish healthcare products company Coloplast A/S said on Tuesday (18 April) that it has completed the previously announced divestment of its US homecare subsidiary Sterling Medical Services LLC.

Sterling Medical Services was sold to McKesson Corporation.

The sales price was not disclosed, but Coloplast said that the deal would result in a non-recurring capital income of approximately DKK130m.

One Danish krone (DKK) is worth approximately 0.09 British pounds (GBP).

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUDE
Date:Apr 18, 2006
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