Medtech

Medtech Business Area

In the Medtech business area the subsidiaries offer products, solutions and services in medtech and home care. Customers include hospitals, care facilities and users. The business area is active in the Nordic countries, Central and Eastern Europe and to a limited extent, in Australia.

Net sales: SEK 1,498 million
EBITA: SEK 116 million
Employees: 376
Percentage of net sales: 43%
 

We continually optimise our product portfolio to ensure that it meets the demands of the customers and the market

Lars-Erik Rydell, Business Development Manager Medtech

Medtech - Market trend in 2019

The Medtech business area has undergone strong growth during the year. Sales growth is largely the result of the Biomedica acquisition and 40 percent of Biomedica’s sales  and earnings for the year were included in the Medtech business area. In the fourth quarter we received the first contracts to deliver our own medical device products to the markets in Central and Eastern Europe. The acquisition of the product portfolio in surgery and respiration from Wellspect HealthCare was integrated during the year in the  subsidiary Mediplast, which entailed both extra work and costs. The product portfolio is a positive addition to our market offering and has enabled expansion into several new  markets. In the Nordic markets, demand from health services was strong in Sweden, Norway and Denmark, while it continued to be somewhat weaker in Finland.

Sales growth for various types of assistive equipment for use in home care was strong and completely in line with the trends we see related to the increased need for eldercare. Welfare technology achieved a breakthrough in the market during the year and our solutions are favourably received by municipal and private operations in Norway. In the fourth quarter Oslo municipality awarded our Norwegian subsidiary Hepro a large contract in welfare technology for delivery over the next two to four years, with an order value of about NOK 120 million. We do not yet offer services and products in welfare technology in other markets, where the focus is instead on various types of assistive equipment for  sitting, moving and, most of all, taking care of hygiene needs in the bathroom.

Medtech´s Product Segment

  • Ear, nose and throat
  • Intensive care
  • Surgery
  • Wound care
  • Enteral nutrition
  • Fall prevention
  • Welfare technology
  • Bathroom-related assistive devices
  • Assistive devices for children with disabilitie

Getting people to live at home longer is the goal

Kurt Kristoffersen, CEO Hepro Norge

AddLife acquired us in February 2017. The integration has gone very smoothly and AddLife has lived up to what they said to us during the acquisition process. In my experience, we have freedom with responsibility and the Parent Company has a long-term perspective regarding our business. We now have stronger muscles, new partners and opportunities to enter new markets. I strongly believe that together with AddLife and the other Medtech companies we will continue on this successful path.

 

Subsidiaries

Wide assortment of products and services in the field of medical technology / devices primarily to publicly funded healthcare.

Geographical market: Central- and Eastern Europe

Segment: Cardiology, Surgery, Intensive Care, Oncology, Orthopaedics, Hygiene

Customer examples: Faculty Hospitals / Polyclinics / Cardiac Centers / Private Hospitals / Elderly Homes

Amount of employees: 280

Develops, designs and markets assistive equipment in home healthcare

Geographical market: Sweden and Norway

Segment: Home care products and welfare technology

Customer examples: Public sector and private healthcare, some sales directly to the end consumer

Amount of employees: 40

Krabat develops, manufactures and markets high quality aids for children and youths. Krabat’s products are innovative, functional and esthetically attractive

Geographical market: Europe

Segment: Technical aids for children and youths

Customer examples: NAV (Norwegian Labour and Welfare Administration)

Amount of employees: 13

Sales of barrier-free and functional Gaius bathroom solutions, equipment and furniture

Geographical market: Finland, Sweden, Norway, Japan and Russia

Segment: Specialized in accessible bathroom products in hospitals, care homes, public spaces and homecare

Amount of employees: 15

Sales of medical device equipment and supplies

Geographical market: Mainly the Nordic countries and the Netherlands

Segment: Surgery, thoracic medicine, neurology, intervention, bandages, anaesthesia/ICU, ENT, colostomy, enteral nutrition and home healthcare

Customer examples: Public as well as private healthcare

Amount of employees: 156

Develops, designs and markets assistive equipment in home healthcare

Geographical market: Sweden and Norway

Segment: Bathroom products

Customer examples: Municipal home care and county councils

Amount of employees: 12