Printer Friendly

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 http://www.m2.com

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).

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

COPYRIGHT 2006 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUDE
Date:Apr 18, 2006
Words:107
Previous Article:Statoil ASA awards Leirvik Module Technology NOK125m platform contract.
Next Article:Consilium AB reports 12% increase in Jan-March sales.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters