* Arseus has become consolidator in medical compounding
* Price around 16.5 mln euros for three companies
* Combined annual revenue 12 mln, core profit margin 25 pct
(Recasts, adds CEO comments, details on consensus)
BRUSSELS, Nov 13 Belgo-Dutch medical supplies
firm Arseus has made three acquisitions in drug
compounding and plans to announce more by the end of the year as
it seeks to benefit from a growing trend of pharmacists mixing
their own medicines.
The firm, which also sells dentist chairs and surgical
equipment, said on Tuesday it has made acquisitions in Brazil,
Colombia and Scandinavia worth around 16.5 million euros ($21
million) in total.
The firm is the only real global company that supplies
ingredients for compounding, meaning it has become the
consolidator in the sector.
"There are lots of opportunities and we are involved in
numerous processes now, so we hope to announce a little bit more
before the end of the year," Chief Executive Ger van Jeveren
told Reuters in a telephone interview.
He said the company has 75 million euros in cash that is
still available for acquisitions.
Arseus said the three added companies would generate a
combined annual revenue of 12 million euros, with a 25 percent
core profit margin.
The acquisitions are to be consolidated from Nov 1.
($1 = 0.7867 euros)
(Reporting By Ben Deighton; editing by Philip Blenkinsop)