Atrium Medical Subsidiary Creates Further Headache for Getinge Shareholders; Reducing FVE
On Oct. 14 no-moat Getinge announced it is taking a sizable litigation reserve to account for expected expenses associated with ongoing lawsuits related to the firm's surgical mesh product used in hernia repair procedures. We’re reducing our fair value estimate to SEK 94 per share from SEK 98 to account for the reduction in expected cash flows over the next few years.Specifically, the company is booking a SEK 1.8 billion reserve that management believes is sufficient to cover legal expenses and...
Getinge is engaged in three business areas: Medical Systems, Extended Care and Infection Control. Medical System's product range includes surgical tables, surgical lamps, telemedicine, perfusion products, instruments for bypass operations, ventilators, anesthesia systems, synthetic vascular implants and stents. Extended Care's product range includes bathing and shower solutions, lifting equipment and mattresses for the treatment and prevention of pressure ulcers, as well as service and consulting. Infection Control's product range comprises disinfectors, sterilizers, information technology systems and related equipment, as well as service and consulting.
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