Coloplast says UK plans incontinence-care cuts

COPENHAGEN, Nov 25 (Reuters) Coloplast said that Britain's Department of Health plans to save about 27 million pounds per year by cutting reimbursement for ostomy and incontinence products, both big sellers for the Danish firm.

The Danish healthcare products maker said yesterday the department had issued consultation papers on reimbursement pricing of stoma and incontinence appliances and services and proposed that the cuts would take effect from June next year.

The department estimated that the total savings would be about 27 million pounds on a total yearly spending of 200 million, Coloplast said in a statement.

Coloplast said it was not possible to predict exactly the financial effects of the cuts and added it would not provide information about the potential effects during the consultation process.

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REUTERS BDP VV0909