G Medical acquires CardioStaff in the US

Company News

by Kathy Skantzos

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.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.