Gambro enters into joint venture in Texas
Gambro enters into joint venture in Texas Stockholm, Sweden, March 1, 2000 - Gambro AB (OM Stockholm Exchange: GAMBaST, GAMBbST), a leading international medical technology and healthcare company, today announced that its subsidiary Gambro Healthcare, Inc. has entered into a joint venture with HSI Healthcare Services, Inc. to provide outpatient hemodialysis treatments at two acquired dialysis facilities located in Galveston county. The two outpatient dialysis centers, Island Dialysis in Galveston and Mainland Dialysis in LaMarque, presently provide dialysis treatments to approximately 149 patients. The University of Texas Medical Branch Division of Nephrology provides Medical Directorship to the two facilities. HSI Healthcare Services, Inc. is a wholly owned subsidiary of Family Health Center, Inc. "Gambro's decision to enter the joint venture is in line with the company's strategic plan to expand dialysis services throughout the state of Texas. University of Texas Medical Branch at Galveston Division of Nephrology and Family Healthcare Centers, Inc. have strong reputations for providing quality dialysis treatment to patients in the Galveston, Texas area," stated Brad Nutter, President of Gambro Healthcare. With this agreement Gambro now provides outpatient hemodialysis treatments to over 1,450 patients in the state of Texas. Gambro Healthcare Gambro Healthcare has a global leading position in renal care services and owns and operates 588 clinics, serving a total of about 44,200 patients on four continents. The largest concentration of clinics is in the US with 483 clinics with about 36,600 patients. Gambro Healthcare has total revenues of about USD 1.3 billion and has about 10,000 employees. For further information please contact: Bengt Modéer, Senior Vice President, Corporate Communications, tel. +46-8-613 65 00, +46-70-513 65 33 Anna Augustson, European Investor Relations Manager, tel. +46-8-613 65 35, +46-70-513 65 34 Nina Pawlak, Citigate Dewe Rogerson, New York , tel. +1-212-419 4258, +1-917-302-1717 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/01/20000301BIT00790/bit0001.doc http://www.bit.se/bitonline/2000/03/01/20000301BIT00790/bit0002.pdf