Ascendis Health acquires Arctic Healthcare

Dr Karsten Wellner (Supplied)
Dr Karsten Wellner (Supplied)

Cape Town - Ascendis Health [JSE:ASC] continues on its focussed acquisitive growth path with the announcement that it has acquired six leading products from Arctic Healthcare in a deal valued at R151m.

Ascendis Health is a health and care company, listed on the JSE in November 2013.

“The acquisition of these health products is an exciting addition to the Ascendis Consumer Brands division," said Ascendis CEO Dr Karsten Wellner.

"Their integration allows us to unlock value by taking advantage of immediate synergies and efficiencies already within our group particularly via production, marketing and distribution channels."

The earnings effects calculation shows that the acquisition would have driven an 8% increase in Ascendis’ earnings per share for the 6 month period ended 31 December 2013.

The acquired products have a long track record over 15 years and enjoy market leading positions in the domestic vitamin and mineral market segments and include established and well known brands such as Chela-Fer, Menacal7, Chela-Preg, Chela-Mag, Osteoflex and Supa Chewz.

- Fin24

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