Handicare divests Patient Handling Europe to increase focus on the development of Accessibility
Handicare has signed an agreement to divest Patient Handling Europe, including all Patient Handling operations outside North America, to Direct Healthcare Group. The purchase price amounts to approximately EUR 30 million on a cash and debt free basis (Enterprise Value). The transaction is expected to close in May.Patient Handling Europe offers medical devices that simplify patient transfers within the institutional and home care settings. The business unit has 87 employees and sales of EUR 27 million in 2019, corresponding to 11 percent of Handicare's total sales during the same period.