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Press release BoxID: 126695 (UMS United Medical Systems International AG)
  • UMS United Medical Systems International AG
  • Borsteler Chaussee 53
  • 22453 Hamburg
  • http://www.umsag.com
  • Contact person
  • Wiebke Budwasch
  • +49 (40) 500177-0

UMS United Medical Systems International AG: UMS AG acquires the urology business of InSight Health Corp.

Synergies will result in significant contribution to earnings

(PresseBox) (Hamburg, ) UMS United Medical Systems International AG(UMS/ISIN DE0005493654), working through its US subsidiary, has completely taken over all of InSight Health Corp.’s customer agreements concerning the provision of mobile lithotripsy services for the treatment of kidney stones. UMS will integrate these new customers into its existing service routes in the northeastern US. The contract with InSight Health Corp. was signed effective September 17, 2007. The parties have agreed not to disclose the purchase price.

The transaction represents additional sales potential of USD 600 thousand per year for UMS. Of particular note, however, is the significant contribution to earnings expected going forward, thanks to synergies with UMS’s established operations and optimum use of available capacity. This marks another step in the execution of UMS’s planned organic and acquisitive growth strategy, which UMS believes will continue to enhance shareholder value. The strength of UMS’s Balance Sheet allows a transaction like this to occur with minimal impact.

UMS United Medical Systems International AG

UMS International AG offers innovative medical services in the growth segment of high-tech medicine. UMS is pioneering the mobile use of med-tech systems around the world and markets comprehensive full-service solutions for hospitals and specialist physicians. The company’s forward-looking concepts include complete service for the customers, from system management and the deployment of qualified application specialists to the operating of therapy centers.