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Ossur Hf : Össur has completed the acquisition of TeamOlmed

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Announcement from Össur hf. No:22/2013
Reykjavik, 1 October 2013

                Össur has completed the acquisition of TeamOlmed


Össur  has completed the acquisition of TeamOlmed, announced on 21 May 2013. All
conditions  have  been  fulfilled  and  TeamOlmed  will be included in the Össur
Consolidation  as of 1 October 2013. TeamOlmed  was acquired for SEK 310 million
(USD 49 million).

Sales  for TeamOlmed for  the full year  2013 are expected to  amount to USD 52
million with an EBITDA margin of 12%. Sales for Q4 are expected to amount to USD
16 million  with an 18-20% EBITDA margin. Sales and EBITDA are seasonally strong
in  Q4. The excess purchase price (Goodwill) amounts to about USD 39 million, of
which  an  estimated  15-20% are  considered  intangible  assets  that  will  be
amortized over a period of approximately 5 years.

TeamOlmed  is  Sweden's  largest  provider  of  O&P  solutions  to patients with
impaired  mobility  and  has  over  300 employees  in  patient  care  centers in
Stockholm, Jönköping, Uppsala and several other locations around Sweden.

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About Össur
Össur  (NASDAQ OMX: OSSR)  is a global  leader in non-invasive orthopaedics that
help  people  live  a  life  without  limitations.  Its  business  is focused on
improving  people's  mobility  through  the  delivery of innovative technologies
within the fields of braces, supports, prosthetic limbs and compression therapy.
A  recognized "Technology Pioneer", Össur  invests significantly in research and
product  development; its  award-winning designs  ensuring a consistently strong
position  in the  market. Successful  patient and  clinical outcomes are further
empowered via Össur's educational programs and business solutions. Headquartered
in  Iceland, Össur has major  operations in the Americas,  Europe and Asia, with
additional distributors worldwide. www.ossur.com

Forward-Looking Statements
This press release includes "forward-looking statements" which involve risks and
uncertainties that could cause actual results to differ materially from results
expressed or implied by these statements. Össur hf. undertakes no obligation and
does not intend to update these forward-looking statements to reflect events or
circumstances occurring after this press release. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this press release. All forward-looking statements are qualified in
their entirety by this cautionary statement.

Abonner