Brief: AddLife Acquires Irish Company Healthcare 21 Group

AddLife AB

12/04/2021 12:48

April 12 (Reuters) - AddLife AB  ALIFb.ST :
    * ADDLIFE ACQUIRES HEALTHCARE 21 GROUP, AN IRISH COMPANY
WITH
SALES OF AROUND SEK 1.7 BILLION
    * ADDLIFE ACQUIRES HEALTHCARE 21 GROUP, AN IRISH COMPANY
WITH
SALES OF AROUND SEK 1.7 BILLION
    * INITIAL PURCHASE PRICE TOTALS EUR 240 MILLION, OF WHICH 74
PERCENT IS BEING PAID IN CASH AND 26 PERCENT IS BEING PAID USING
NEWLY ISSUED CLASS B SHARES.
    * AN ADDITIONAL CONSIDERATION OF A MAXIMUM OF EUR 5 MILLION
MAY
ALSO BECOME PAYABLE.
    * ACQUISITION HAS TAKEN PLACE TODAY ON 12 APRIL, 2021.
    * DURING 2020 FINANCIAL YEAR, HC21 RECORDED SALES OF
APPROXIMATELY
EUR 171 MILLION
    * HC21 IS BEING ACQUIRED FROM COMPANY FOUNDERS, CERTAIN
SENIOR
MANAGEMENT AND H2 EQUITY PARTNERS
    * AN ADDITIONAL CONSIDERATION OF A MAXIMUM OF EUR 5 MILLION
MAY
BECOME PAYABLE BY 2024, BASED ON FINANCIAL RESULTS ACHIEVED BY
BUSINESS UP UNTIL 2023.
    * HC21 WILL OPERATE AS A SEPARATE SUBGROUP AND WILL BECOME
PART OF
MEDTECH BUSINESS AREA

Source text for Eikon:  ID:nWkr95ycy5 
Further company coverage:  ALIFb.ST 

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