http://www.newswire.ca/en/releases/archive/April2011/18/c4743.html
TORONTO, April 18 /CNW/ - Prism Medical Ltd. ("Prism Medical" or "the Company") (TSXV: PM), a leading provider of durable medical equipment and related services to the mobility disadvantaged, today announced the acquisition of Movement 2 Ltd. ("Movement 2"), a provider of home care patient moving and handling equipment, servicing and repair in the East Midlands region of the UK.
The total consideration paid for the acquisition was £0.8 million (approximately $1.3 million). Under the terms of the agreement, Prism Medical has paid £0.4 million (approximately $0.64 million) in cash and issued £0.4 million (approximately $0.64 million) of 7% notes, repayable over 3 years. The transaction is expected to be accretive in the first year of ownership.
A blog about mobility products and aids for disabled people. Featuring news articles, guides for end users and comment on the mobility aids industry. For more information on any of the featured products please call 0800 9800 126.
No comments:
Post a Comment