Össur, Reykjavik, Iceland, has announced that all conditions of its acquisition of TeamOlmed, Jönköping, Sweden, have been fulfilled, and the company is included in the Össur Consolidation as of October 1. TeamOlmed, Sweden’s largest provider of O&P solutions, was purchased for US $49 million.
According to Össur, sales for TeamOlmed for the full year of 2013 are expected to amount to US $52 million with an earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 12 percent; sales for the fourth quarter of 2013 are expected to amount to US $16 million with an 18 to 20 percent EBITDA margin.
