The Getinge Group has agreed a deal with US company Kinetic Concepts Inc. (KCI) to takeover its Therapeutic Support Systems (TSS) division. Getinge, one of the leading European companies in the field of pressure ulcer prevention and treatment can focus on the American market, through the acquisition of the TSS division, strengthening its global position as it looks forward to a strong synergy.
The price of the acquisition is $275 million, debt free. It is assumed that the transaction and restructuring costs will amount to 35 million dollars, with 25 million U.S. dollars will impact profit of Getinge directly in the fourth quarter. Transaction and restructuring costs will amount to $35 million, of which $25 million will be charged to Getinge’s profit in the fourth quarter of 2012.
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