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Revenio takes full ownership of OsCare Medical

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Revenio takes full ownership of OsCare Medical

Revenio Group Oyj agreed to buy a 46.5% stake in OsCare Medical Oy, making the privately held maker of osteoporosis detection devices its fully owned unit.

Finland-based medical device maker Revenio owned 53.5% of OsCare Medical before the transaction.

The company will make impairment-related entries in its financial statements for 2017, resulting in a one-off effect of about €1.4 million on the 2017 operating profit.