GHP Global Health

RNS Number:6637G
Global Health Partner PLC
31 October 2007


Global Health Partner plc ("GHP" or the "Company")
Acquisition of the assets of Specialistkliniken 
for implantat och kakkirurgi ("SFIK")


GHP announces that it has today completed the acquisition of an effective
interest of 41% in SFIK, the major private supplier of highly specialised dental
rehabilitation in the Ostra Gotaland county in Sweden.

Acquisition details

Nordic Dental Holding AB (NDH) a 51% owned subsidiary of GHP has acquired an 80%
interest in SFIK together with the dental implants clinicians at
Specialistkliniken at Sophiahemmet who are the 49% minority owners of NDH and
are co-investing in SFIK. The oral and maxillofacial surgeon Sten Andersson will
own 20% of SFIK and become the new CEO of the clinic. The total price paid for
100% of SFIK is approximately #167,000 in cash (SEK/#:13.15).

In the latest twelve months financial statements to December 31, 2006 SFIK had
revenues of approximately #868,000 and an adjusted profit after tax of
approximately #60,000 on its accounting basis, translated at current rates of
exchange. Pro forma gross assets are approximately #102,000.

SFIK

The clinic is located at the general hospital in Norrkoping and has specialists
representing five different specialities tied to it; oral and maxillofacial
surgery, prosthodontics, periodontology, stomatognathic physiology and
endodontology. Specialistkliniken is the only full range private oral
rehabilitation centre in the region and is a growing operation.


Development of the Dental Service Line within GHP
GHP has started the Dental Service Line based on the view that the market lacks
a private alternative for specialised oral rehabilitation, with a wide range of
treatment methods, that can ensure a holistic approach to each patient providing
the best possible care.

GHP aims to build highly specialised oral rehabilitation centres in targeted
markets. The oral rehabilitation centres will be closely linked to research in
the different specialist areas to ensure high competence and to attract skilled
specialists to join the organisation.

Commenting on the proposed acquisition, Per Batelson, Chairman and Chief
Executive of GHP, said: "I am delighted by the acquisition of SFIK in
Norrkoping. It is an important step forward in growing the GHP Dental Service
Line and expanding the range of specialities and treatment methods. The clinic
is very well positioned geographically and with the skilled specialists
represented by our new GHP partner oral and maxillofacial surgeon Sten Andersson
and his team it has every potential of growth and development."


CONTACTS:


Per Batelson, GHP CEO: 00-46-3116-7890 or: 00-46-705-955700
James Thornton, GHP Corporate Finance Director and 
Company Secretary: 0207-665-1833 or: 07788-975-633





                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

ACQMMBPTMMBJBRR

Global Health (LSE:GHP)
Historical Stock Chart
From May 2024 to Jun 2024

Global Health (LSE:GHP)
Historical Stock Chart
From Jun 2023 to Jun 2024