Dec. 29, 2021 - Essity today announced that it has acquired Hydrofera, a developer of an advanced line of wound care products designed to shorten healing times, lower treatment costs, and deliver better patient outcomes. The company, which has about 90 employees, has its head office in Manchester, Connecticut, and is present in more than 15 countries.
The purchase price amounts to USD 116 million (approx. SEK 1.1bn) with a potential additional earnout amount of USD 15 million (approximately SEK 137m) on a cash and debt free basis.
The acquisition supports Essity's strategic priority to grow through acquisitions in Medical Solutions.
"The acquisition of Hydrofera is yet another great strategic fit for Essity further strengthening our innovation capacity and expanding our offering within advanced wound care," said Ulrika Kolsrud, President Health and Medical Solutions at Essity. "The company has innovations that significantly accelerate healing and reduce the patient's discomfort."
Hydrofera has a direct sales force and maintains agreements and preferred provider status with the major national medical/surgical distributors and buying groups in the US and Canadian healthcare markets. Products are used across the entire care range such as hospitals, wound clinics, long term care facilities and homecare. The suite of products is designed to meet requirements for a wide variety of wound care needs.
Essity's medical solutions business offers innovative and high-quality medical products in wound care, compression, and orthopedics with global brands such as Leukoplast, Cutimed, JOBST, Actimove and Delta-Cast. In acute and advanced wound care, Essity is the world's fifth largest player.
Headquartered in Stockholm, Sweden, Essity is a global producer of consumer tissue, professional and personal hygiene and health products. The company has about 46,000 employees. To learn more, visit: www.essity.com.
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