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August 22, 2006

Getinge acquires German telemedicine company

The Getinge Group's Medical Systems business is to acquire 60% of the shares in Germany telemedicine firm OTY GmbH for just under E4.8 million. The agreement includes an option to acquire the remaining shares in the future.

By CBR Staff Writer

OTY specializes in products and services for the IT infrastructure in hospitals, with a focus on the operation theatre.

The company has developed hardware and software to integrate various electronic data systems in the operation theatre, thus increasing the efficiency of the communication and visibility of patient data.

Getinge says telemedicine has become an increasingly important instrument in healthcare, ensuring that medical data is made simply available and serving as a basis for decisions, while simplifying documentation for future reference and teaching.

OTY GmbH has annual sales of approximately SEK20 million, with 14 employees. The company’s assets amount to approximately SEK8.7 million and its liabilities to SEK6.4 million at the time of acquisition.

OTY GmbH will be incorporated in the Getinge Group as of September 2006.

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