Medicover acquires CDL Analco

7/1/2004 2:00 AM EST

Medicover has acquired 100% of Centrum Diagnostyki Laboratoryjnej Analco
Sp. z o.o.(CDL Analco) a Polish laboratory diagnostics company, with
operations in Warsaw and Lublin Poland. CDL Analco has revenue of E1
million. Commenting on the acquisition Fredrik Ragmark the Managing
Director of Medicover stated "this acquisition fits well with the Nova
Medical business acquired from Capio AB a year ago, and will enhance
Nova Medical's operations and contribute to establishing a strong and
growing Polish laboratory presence for Medicover.
CDL Analco has an efficient business with a good profile of customers and mix of
business" The acquisition will be earnings positive. Medicover has
agreed to pay cash of E1 million for the business, and will consolidate
the results from July 2004. The transaction will generate goodwill of
approximately E750,000.

CDL Analco has been operating in the human laboratory diagnostics
business for many years and runs the children's hospital laboratory in
Lublin and a laboratory in Warsaw, employing 59 staff. The acquisition
will enable Nova Medical to consolidate its operations with a higher
level of operational efficiency and bring a new level of professionalism
and service to CDL Analco's customers.

Medicover is a healthcare company listed in Stockholm on the O List and
operating in the countries of Central and Eastern Europe, providing
comprehensive healthcare for employees and individuals. Medicover also
operates human laboratory diagnostics in Romania and Poland.

For further information please contact:
Fredrik Ragmark, Managing Director or Joe Ryan Finance Director on +32 2
357 5577

Luxembourg
1 July 2004