CompuGroup Medical Expands their Presence in Scandinavia

Acquisition of the Swedish Lorensbergs Holding AB

Koblenz, (PresseBox) - CompuGroup Medical executed a purchase agreement for the acquisition of Lorensbergs Holding, including all subsidiaries. With 41 employees, Lorensbergs primarily develops software solutions for occupational healthcare, general practitioners and school healthcare in Sweden. The revenues for 2010 are estimated to be EUR 3.7 million.

With this acquisition, CompuGroup Medical solidifies its position as a market leader in the Scandinavian e-health market. With Lorensbergs, CompuGroup Medical obtains the largest customer base within occupational healthcare and further strengthens the strongest-performing product portfolio in Sweden and Norway.

The products of all Scandinavian subsidiaries will be further bolstered, based on best practices. CompuGroup Medical software solutions provide physicians with assistance in making medical decisions and help structure the treatment process. Enormous potentials to increase efficiency can be achieved with the utilization of these intelligent systems.

"Lorensbergs Holdings is very growth oriented," emphasized Frank Gotthardt, chair of CompuGroup Medical AG. "This makes them a perfect match for us. We believe it is our mission to develop efficiency-increasing products for the healthcare market that fulfill maximum expectations for safety and treatment quality", concludes the company founder.

CompuGroup Medical AG

CompuGroup Medical is one of the leading e-health companies worldwide. Its software products, designed to support all medical and organizational activities in doctors' offices and hospitals, its information services for all parties involved in the healthcare system and its web-based personal health records contribute towards safer and more efficient healthcare. The services of CompuGroup Medical are based on its unique customer base of around 370,000 doctors, dentists, hospitals and networks as well as other service providers. CompuGroup Medical is the e-health company with one of the biggest coverage among e-health service providers worldwide. The company operates in 18 European countries as well as in Brazil, Chile, Malaysia, Morocco, Saudi Arabia, South Africa and in the USA and currently employs around 3,300 people.

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