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Atrium acquires Multicare B.V.
This latest acquisition opens new commercial opportunities for Atrium in the large European market

21 Feb 2008 - Atrium Innovations Inc. announced the acquisition of Multicare B.V. which has its headquarters in Almere, located near Amsterdam, in the Netherlands. Multicare, through its subsidiary MCO Health B.V. ("MCO Health"), manufactures and markets a complete range of nutritional supplements under different brands among which Orthica is by far the most important. The Company which has annual sales of about US$22 million (15 million euros), sells its products primarily in the Netherlands and they are mainly marketed to healthcare practitioners and are also distributed through drugstores.
 
Atrium will acquire Multicare for a total of US$24.8 million (17 million euros). Of this total, US$23.4 million (16 million euros) will be paid in cash and the remainder will be paid by the issuance of 81,128 newly issued Atrium common shares to Multicare's President and CEO. Moreover, Multicare has a bank debt of US$6.4 million US (4 million euros).