XperTech joins Kumpulan:
This article was originally published in Clinica
UK medical group XperTech has formed a joint venture with Malaysian healthcare group Kumpulan Perubatan, which is part of Johor. The joint venture will manufacture sutures and minimally invasive surgery equipment. Production will begin in July and XperTech expects total sales to reach $20 million by 2002. The companies intend to float the joint venture in five years' time. The world suture market is estimated at $1,400 million and is growing at around 10%-15% annually. The total minimal invasive surgery market is worth more than $1,000 million.