Develops, designs and markets assistive equipment in home healthcare
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.
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.
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.
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 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
