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Coloplast Plans to Stay in Wound-Care Business, Wants to Expand

Sept. 28 (Bloomberg) -- Coloplast A/S plans to stay in the wound-care business and wants to expand, Chief Financial Officer Lene Skole said today the Jefferies health-care conference in London.

“We are investing heavily in the growth of that business,” she said. “We need to get more scale in that business one way or another.

‘‘We do think consolidation is coming and we would like to take part in that consolidation.’’

Chief Executive Officer Lars Rasmussen said in March the company would sell the wound-care business if a restructuring didn’t lead to higher sales and profit by the end of the year.

Link to Company News:{COLOB DC <Equity> CN <GO>}

To contact the reporter on this story: Allison Connolly in London at aconnolly4@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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