REG - DCC PLC - Disposal
Released: 17/06/2010

 
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RNS Number : 8086N
DCC PLC
17 June 2010 
 
17 June 2010 
 
DCC disposes of its Mobility & Rehabilitation business 
 
DCC plc, the business support services group, announces that it has agreed to dispose of its Mobility & Rehabilitation
business ("DCC M&R") to Patterson Medical, the world's leading distributor of rehabilitation and sports medicine products
which is a division of the US listed group, Patterson Companies, Inc. (Nasdaq NM: PDCO). 
 
The assets being disposed of by DCC comprise DCC's 94% shareholding in Physio Med Services Limited, DCC's 60% shareholdings
in Ausmedic Australia Pty Limited and Metron Holdings Pty Limited and the business, net tangible assets and goodwill of
DCC's wholly owned subsidiary, Days Healthcare UK Limited*. The total consideration, payable in cash, for DCC M&R,
including amounts payable to the minority shareholders, is E37 million (Stg£31 million) on a cash free / debt free basis,
subject to an adjustment to reflect normalised net working capital. 
 
The pre tax cash impact on DCC, net of minorities, costs and anticipated adjustments for normalised net working capital, is
expected to be approximately E30 million (Stg£25 million) which is in line with the DCC balance sheet carrying value of the
net tangible assets and goodwill that are being disposed of. DCC M&R accounted for less than 1% of the DCC Group's
operating profit in the financial year ended 31 March 2010. 
 
Tommy Breen, Chief Executive of DCC, said today: 
 
"The disposal of DCC Mobility & Rehab is consistent with our strategy to concentrate the focus of DCC Healthcare on our
larger healthcare businesses, DCC Hospital Supplies & Services and DCC Health & Beauty Solutions, which have strong
leadership positions and significant opportunities for organic and acquisition growth." 
 
For reference, please contact 
 
Tommy Breen, Chief Executive 
 
Conor Costigan, Managing Director, DCC Healthcare 
 
Conor Murphy, Investor Relations Manager 
 
Tel: +353 1 2799400 
 
Email: investorrelations@dcc.ie 
 
Web: www.dcc.ie 
 
*DCC will continue to own the corporate entity, Days Healthcare UK Limited, which is vigorously pursuing enforcement
proceedings before the Courts in Taiwan against Pihsiang Machinery Manufacturing Co. Limited (a Taiwanese public company),
Donald Wu (its Chairman and major shareholder) and Jenny Wu (his wife and director) to recover damages, costs and interest
amounting to E27 million (Stg£22 million) awarded to Days by the UK High Court in 2004.  Days Healthcare UK Limited will
remain the legal entity with the right to seek the enforcement and recognition of these judgements. 
 
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