Medtech

Medtech offers medical device products primarily to the public healthcare systems in the Nordic countries.

Medtech’s subsidiaries are active in the medical device market. The focus is on product segments such as surgery, thoracic surgery, neurology, anaesthesiology, wound care, ear nose and throat, intensive care, and home care. Public procurement accounts for about 90 percent of sales. About 30 percent of the products are our own brands, while 70 percent involve products from some of the world’s leading manufacturers distributed in the Nordic region.

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

Lars-Erik Rydell, Business Area Manager Medtech

Medtech net sales per country 2017

Net sales: SEK 940 million
EBITA: SEK 93 million
Subsidiaries: 14
Employees: 224
Percentage of net sales: 40%
 

Medtech continues to focus on hospital and home care

In 2017 Medtech became established as an operator in home care. With the acquisitions of Hepro and Krabat we can now seriously offer products that enable users to remain in their own homes longer. The acquisition of TM Techno Medica represents entering the field of enteral nutrition, which enables continued expansion. Our already existing subsidiaries also performed well during the year and won many contracts through public procurement. For example, in disposable products for ear, nose and throat purposes, we continued to be the market leader. Organic growth in the business area was 3 percent and acquired growth was 27 percent.

Our methodological approach to build our pan-Nordic product portfolio, with both its own products and products from strong suppliers, enables us to participate in large tenders within health care. In 2017 we coordinated our warehouse and logistics services, which will enable us to more optimally handle our future growth. Our assessment is that the need for home care will continue to grow over the comming years and we see this as an attractive segment with future potential. With commited employees and a strong product off ering, Medtech is optimistic about the future.

Medtech´s Product Segment

  • Ear, nose and throat
  • Intensive care
  • Intervention
  • Neurosurgery
  • Ostomies
  • Surgery
  • Surgical equipment
  • Thoracic surgery
  • Wound care
  • Laboratory
  • Home care

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

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