Getinge Group acquires 100% of Acare Medical Science Ltd.
Getinge Group is a leading global provider of products and systems within healthcare and life sciences industries, listed in Sweden. Getinge’s market cap is 41.5 billion SEK. They operate under three brands: ArjoHuntleigh which focuses on patient mobility and wound management solutions. GETINGE which provides solutions for infection control within healthcare and contamination prevention within life sciences and MAQUET which specialises in solutions, therapies and products for surgical interventions and intensive care.
Formed in 1999, Acare Medical now has 250 employees. Its headquarters, including product development and production, is in ZhuHai, China. Sales totalled SEK 135 M in 2012. Acare is a leading manufacturer and supplier of medical beds, specialist trolleys, and medical carts. Products are sold through a proprietary sales organization in southern China and through distributors in other regions of China.
The acquisition will be combined with Getinge’s Extended Care business area, which will improve their potential for growth in China. Extended Care’s product portfolio will also be made available to Acare’s customer segments and markets. Acare is expected to continue to experience solid growth and will also benefit from Extended Care’s already well-established sales organization in Asia, the Middle East and Africa. The integration will provide a broader product offering across both Acute and Elderly Care environments.
Clearwater International advised Getinge on the acquisition.