Annual Report 2010 - Falck

Notes to the Group financial statements
Note DKK million
Group | Falck Annual Report 2010 87
31 Investments in subsidiaries, non-controlling interests and operations (continued)
Percentage
of voting
main month of Purchase Consideration rights
Acquisitions 2009 activity Country acquisition price paid in acquired
Falck TravelCare AB Assistance Sweden Feb. 5 Cash 100%
Falck OY Assistance Finland Jun. 12 Cash 30%
Falck AVD Holding B.V. Emergency The Netherlands Jun. 53 Cash 49%
Falck Prime Atlantic Limited Training Nigeria Oct. 25 Cash 51%
Pleje & Omsorg Healthcare Denmark Oct. 32 Cash 100%
Dansk HjemmePlejeService Healthcare Denmark Dec. 30 Cash 100%
Other acquisitions 4
Total acquisitions 2009 161
Profit of acquired companies after date of acquisition 0
Full-year revenue including acquisitions 7,765
Full-year profit including acquisitions 431
Percentage
of voting
main month of Purchase Consideration rights
Acquisitions 2011 activity Country acquisition price paid in acquired
LifeStar Response Emergency USA Jan. 186 Cash 100%
Starowka Healtcare Poland Mar. 27 Cash 75%
Total acquisitions 2011 213
Full-year revenue in acquired companies 590
Full-year profit in acquired companies 17
Falck signed an agreement to acquire 100% of LifeStar Response at 1 January 2011.
LifeStar Response is a US-based provider of ambulance services, mainly covering non-emergency transports in areas in several states on
the east-coast of the United States. The acquisition of LifeStar Response adds further presence of Falck in the United States, where LifeStar
Response is one of the largest providers in the region. The US market is expected to provide a strong potential for growth based on
the changes in demographics. It is expected that a part of the purchase price will be allocated to customer contracts while the remaining
portion will be allocated to goodwill, representing the expected value of future growth opportunities and synergies to be achieved.
According to the preliminary opening balance sheet, net assets acquired total DKK 92 million and goodwill including intangible assets
total DKK 94 million.
Falck signed an agreement to acquire 75% of Starowka at 1 march 2011.
Starowka operates four healthcare clinics in the Warsaw area in Poland. The clinics provide both public and private healthcare services.
The acquisition of Starowka is a geographical expansion of the business area in Poland. It is expected that a part of the purchase price
will be allocated to customer contracts while the remaining portion will be allocated to goodwill, representing the expected value of
future growth opportunities and synergies to be achieved.
According to the preliminary opening balance sheet, net assets acquired total DKK 0 million and goodwill including intangible assets
total DKK 27 million.