Bloomberg News

Ortivus Rises Most in Two Years After Order: Stockholm Mover

January 26, 2012

Jan. 26 (Bloomberg) -- Ortivus AB, a maker of mobile solutions for emergency health care, rose the most in over two years in Stockholm after the company won an order to deliver its MobiMed Smart monitoring platform to 200 U.K. ambulances.

The share rose as much as 42 percent, the biggest intraday jump since Jan. 8, 2010, making it the biggest gainer in the Stockholm All Share Index. It traded 38 percent, or 0.78 krona, higher at 2.82 kronor as of 4:00 p.m. local time.

The order, placed by the South Western Ambulance Service NHS Foundation Trust, has a total value of about 30 million kronor ($4.45 million,) Stockholm-based Ortivus said in a statement today. MobiMed Smart is built on an open architecture so its functionality can be expanded. Ortivus sees increased interest from health-care providers for systems that can be adapted to specific needs and integrated with existing systems, the company said.

“The development of the new solution has attracted interest from a number of existing clients and there is good hope of new deals and new deliveries during 2012,” the company said. “The total list of potential deals is longer and more qualified than in many years.”

--Editors: Kim McLaughlin, Toby Alder

To contact the reporter on this story: Janina Pfalzer in Stockholm at jpfalzer@bloomberg.net.

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net.


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