logo-loader

MedaPhor Group to acquire Inventive Medical

Published: 08:55 03 Aug 2016 BST

HandsMakingHeartShape
Inventive owns the HeartWorks brand

MedaPhor Group Plc (LON:MED), provider of ultrasound training simulators, is acquiring private firm Inventive Medical for £3mln in an all paper deal.

Inventive supplies cardio ultrasound simulators under the HeartWorks brand.

"Having worked closely together for a year, both teams have recognised the opportunities that a closer alliance will bring, not just in combining sales and reseller networks and cross-selling across our customer base, but by offering an integrated and complementary solution,” said MedaPhor chief executive Stuart Gall.

“Increasingly, medical simulation centres are requesting full torso ultrasound training and we believe the coming together of our two technologies paves the way for this to become a reality for clinicians seeking to acquire the highest levels of competence in ultrasound practice."

FTSE rises ahead of Easter weekend, JD Sport gains on upbeat outlook -...

The FTSE 100 gained on the final morning of this shortened Easter trading week. Festive cheer was limited though, as Thames Water confirmed shareholders would not provide it with a £500 million rescue package, prompting speculation over the London supplier’s future. On a more positive...

1 hour, 30 minutes ago