Acino to acquire Litha Healthcare in South Africa
Feb 28, 2017
Acino signed a deal with certain subsidiaries of Endo
International plc to acquire Litha Healthcare in South Africa.
Litha Healthcare, headquartered in Midrand, Johannesburg, is a
pharma group with around 160 employees providing products and
services to public and private hospitals, pharmacies, general and
specialist practitioners, as well as government law enforcement
programs.
The acquisition is fully in line with Acino's strategy to grow
its business by entering selected high potential markets in the
Middle East and Africa. The acquisition of Litha Healthcare gives
Acino immediate access and a strong presence in South Africa, which
is key for the company to become a significant player in the
pharmaceutical landscape on the continent.
"We have chosen Litha as they have a strong position in the
market and a solid reputation in several therapeutic areas that are
strategic for Acino. With its well-established product pipeline and
its long-standing relationships with licensing partners Litha
offers very promising prospects for the future." Kalle
Känd, CEO
Closing of the deal is expected in the second quarter of this
year.
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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