Ortivus to focus on core operations - sells subsidiaries in North America. The purchase price is approximately 83 MSEK.

Ortivus to focus on core operations -  sells subsidiaries in North America. The
purchase price is approximately 83 MSEK. 

Ortivus is now implementing its strategy to streamline its core operations into
a clear focus on advanced mobile and clinical decision support for modern
medical care.  Consequently its North American subsidiaries, which provide
administrative systems primarily for ambulance services, have been sold to an
American company - TriTech Software Systems.

In line with its established strategy to concentrate activities to its core
operations i.e. the development and sale of products and services for mobile
clinical decision support for medical care, Ortivus has now sold its U.S.
subsidiaries.  These companies have, unlike other parts of Ortivus, focused on
the sale of management systems for police, fire and ambulance services. 

 "This business deal moves Ortivus one important step forward towards fully
operating and developing its core operations. Health sector interest in mobile
solutions as a way of enhancing efficiency and improving health outcomes is
growing rapidly.  Ortivus, with its unique combination of clinical expertise and
sound experience from the development of mobile computing systems, is especially
well equipped to meet these medical care needs," states Chair of the Board Jon
Risfelt. 

The buyer of the Ortivus North American subsidiaries is the US-based TriTech
Software Systems which acquired 100 percent of the shares in Ortivus Inc. U.S.
and Ortivus Inc. Canada. The purchase price is USD 11.5 million (approximately
SEK 83 million). This transaction will initially provide Ortivus with a cash
flow boost of approximately SEK 38 million, after allocating approximately SEK
10 million to escrow accounts for a period of 18 months, and repaying loans to
the amount of SEK 29 million. Ortivus has thus become debt free. 

The acquisition agreement was signed today, and is conditional on the approval
of the company Extraordinary General Meeting. The transaction will be
implemented during the first quarter of 2010.

For further information about this sale please visit www.ortivus.com or contact
Jon Risfelt, Chairman, Ortivus, mobile phone + 46 734 34 33 32, e-mail
firstname@lastname.se or  Jan B Andersson, CEO, Ortivus, mobile phone +46 705
294 741 e-mail threeinitials@ortivus.com 


Ortivus offers unique solutions by combining expertise in wireless, IT and
medical technology with clinical knowledge. Ortivus solutions secure that the
patient get accurate medical treatment and expertise instantly throughout the
care process. This results in better medical outcome as well as improved
efficiency for the entire health care system.
Ortivus is a listed company on NASDAQ OMX Stockholm Small Cap-list and was
founded in 1985. It is based in Danderyd, Sweden. Ortivus has 100 employees in
Sweden, US, Canada and Great Britain. In total more than 2 600 emergency
services, 1 000 ambulances and 500 hospital beds are equipped with Ortivus
solutions.