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Coloplast buys another homecare provider

Coloplast buys another homecare provider

MINNEAPOLIS - Coloplast, which has its U.S. headquarters here but is based in Denmark, announced this month that it has acquired SAS Lilial for a cash consideration of EUR 35.5m or DKK 264m.

Lilial is a privately owned French company that distributes catheter and ostomy supplies nationally. It provides patients with products from several different manufacturers, including Coloplast.

“The acquisition of SAS Lilial is part of our strategy of pursuing inorganic opportunities to accelerate growth and to strengthen our service offerings,” said Coloplast CEO Lars Rasmussen. “By acquiring Lilial we further strengthen our position in France and ensure our end users access to innovative products and services.”

Lilial has about 80 employees and is expected to record sales of about EUR 33m or DKK 246m for 2017.

Coloplast bought Comfort Medical, a Coral Springs, Fla.-based provider of ostomy, urology, continence and wound care supplies, for $160 million in cash in 2016.


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