Mobile and e-Health company G Medical (ASX:GMV)
has announced its wholly-owned US subsidiary will acquire 100% of CardioStaff Diagnostic Services, a US based independent diagnostic testing facility.
This gives G Medical national medical diagnostic service presence in the US.
CardioStaff provides practices and hospitals with 24/7 patient medical monitoring services supported by Medicare and Medicaid.
Headquartered in Austin, Texas, the company produces call centre services nationwide.
G Medical will assume up to US$3.22 million in debt and issue IS$1 million in fully paid ordinary shares to the sellers.
Shares in G Medical (ASX:GMV)
last traded 2.38 per cent higher to $0.43.