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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.

 

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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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