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Sphere Medical appoints Spanish distributor

Proyectos Hospitalarios Internacional is well established in Spain as a distributor of a variety of medical devices, including a number in the critical care arena
Operating theatre
Proxima 4 is used to monitor patients in the intensive care unit and operating room.

Medical diagnostics device maker Sphere Medical Holdings PLC (LON:SPHR) has appointed Proyectos Hospitalarios Internacional (Prhoinsa) as its exclusive distributor of products in Spain.

Prhoinsa is well established in Spain as a distributor of a variety of medical devices, including a number in the critical care arena, Sphere said.

The news comes hot on the heels of yesterday’s announcement about the European launch of Proxima, the next generation of Sphere’s blood gases monitor.

Prhoinsa will start marketing Proxima in the second quarter of next year.

It has already placed initial orders for Proxima 4 monitors.

Sphere already has a distributor in Italy, while it markets its products directly in the UK, Germany, Belgium and the Netherlands.

The company is working on securing distribution deals for other European countries.

"We are very pleased to appoint Prhoinsa as our distributor of Proxima in Spain and we look forward to expanding our geographical coverage further in the coming months, particularly now that Proxima 4 has been launched,” said Wolfgang Rencken, chief executive officer of Sphere.

Shares in Sphere were 2.3% higher at 10.1p on the news.

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