As part of a huge cost saving and downsizing operation there has been decided to outsource the Kista finance function to a UK shared service center. This has made the position of Mr. Öhman redundant. He was CFO of the business unit Patient Handling.
With the recent purchase of Prism Medical ltd. Handicare seems to concentrate their business on the USA and UK market only. Also the bookkeeping of the Dutch subsidiary Bathroom Safety has been closed from October. Most of finance in Heerhugowaard (Handicare Stairlifts) has also been moved to the UK already.
The Swedish Handicare Group is suffering in a highly competence healthcare market.
Last year the company already divested 60% of the business with the sale of Handicare Mobility to Sunrise Medical.
The company is currently owned by private equity company Nordic Capital.