Half year results for the six months ended 30 June 2016

MedaPhor Group plc (AIM: MED), the global provider of advanced ultrasound skills training simulators for medical professionals, announces its unaudited half year results to 30 June 2016. In a separate RNS the Company has also announced today the acquisition of Inventive Medical Limited (IML), a UK company which is the global supplier of cardio ultrasound simulation products under the HeartWorks brand, for £3m in shares. Financial highlights Sales increased 17% on the comparative period to £1.26m (H1 2015: £1.08m) £3.0m raised net of costs following placing of shares in April 2016 Cash balance at 30 June 2016 of £3.5m (31 [...]

August 3rd, 2016|

Acquisition of Inventive Medical Limited

MedaPhor Group plc (AIM: MED), the global provider of advanced ultrasound skills training simulators for medical professionals, announces the acquisition of Inventive Medical Limited (“IML”), a UK company which is the global supplier of cardio ultrasound simulation products under the HeartWorks brand, for a total consideration of £3m payable in shares. About Inventive Medical Limited Developed by leading cardiac anaesthesiologists at University College London Hospital and owned by University College London Hospitals Charity, IML’s HeartWorks simulators and online training materials are recognised as one of the most true-to-life and comprehensive simulation tools for Transthoracic and Transoesophageal echocardiography training. Using HeartWorks, [...]

August 3rd, 2016|