Swedish Ortivus buys German IT firm Medos
This article was originally published in Clinica
Executive Summary
Swedish IT firm Ortivus, which develops systems for use in healthcare and emergency services, has paid Euro7.6m ($9.5m) in cash to acquire Medos, a German medical software firm based in Langenselbold, near Frankfurt. As well as Medos's technology and revenues of Euro10m, the acquisition gives Ortivus a direct presence in Germany. Ortivus, which is based in Taby, near Stockholm, says the deal will add SKr5-8m ($0.7-1.1m) in pretax profits to its 2005 results.