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Curato acquires Norwegian Sentrum Røntgeninstitutt

03/07/2008

CapMan Press Release 3 July 2008
  

CapMan’s portfolio company Curato AS will acquire Norwegian Sentrum Røntgeninstitutt (SRI). Together, the two companies create a leading group in the private medical imaging market in Norway. The new entity will provide medical imaging and radiology services to all of Norway’s four regional healthcare districts.
 
CapMan funds invested in Telemark Røntgen, currently named Curato AS, in July 2007. With this transaction, Curato will form one of the most important partners to the public healthcare sector in Norway within medical imaging. The company’s annual turnover is estimated to reach approx. EUR 54 million and it employs some 260 people.
 
SRI is one of the leading radiology companies in Norway. SRI operates full-service medical imaging centres in seven locations, including the largest Norwegian cities. In addition the company has recently established an imaging centre in Romania and operates a research company that participates in projects within pharmaceuticals and osteoporosis, among others.
 
“Sentrum Røntgeninstitutt was identified as a potential add-on candidate at the time of the initial Curato transaction. SRI complements Curato geographically, and the combined company will be well positioned for further growth within medical imaging and potentially other health care services”, says CapMan’s Senior Partner Kai Jordahl.
 
“The merger enables us to provide a broader and more reliable service offering to both the public healthcare sector and to our patients. All of our imaging centres will shortly be fully digitalised with modern equipment, which makes us the most modern radiology company in the Nordics. For our patients this means easy accessibility, short waiting times and quick, painless and reliable diagnosis”, says Curato’s CEO Hans Olav Almaas.
 
Curato AS will acquire 100 percent of Sentrum Røntgeninstitutt’s shares. The add-on investment in Curato is made by CapMan Buyout VIII, CapMan Life Science IV and CapMan Mezzanine IV funds, in which CapMan Plc is a substantial investor. Completion of the transaction is subject to approval from the competition authorities.
 
 
For more information, please contact:
Kai Jordahl, Senior Partner, CapMan Buyout, tel. +47 23 23 75 71
Hans Olav Almaas, CEO, Curato AS, tel. +47 917 10 305
 
CapMan  www.capman.com  
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3.1 billion in total capital. CapMan has five investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs 130 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.