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Prism Medical Announces Acquisition of Supplier of Moving and Handling Services
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Prism Medical Announces Acquisition of Supplier of Moving and Handling Services
Prism Medical Ltd today announced that it has completed the acquisition of a UK
supplier of moving and handling services for the mobility impaired effective...
[Plus]
Prism Medical Announces Acquisition of Supplier of Moving and Handling Services
Prism Medical Ltd today announced that it has completed the acquisition of a UK
supplier of moving and handling services for the mobility impaired effective June
30, 2009.
Vaughan, ON, August 01, 2009 -- PRISM MEDICAL LTD.
(TSX-V:PM) (?Prism?) today
announced that it has completed the acquisition of a UK supplier of moving and
handling services for the mobility impaired effective June 30, 2009.
The
acquisition cost was $1.
4m which was satisfied by a cash payment of $0.
6m and
deferred payments in the amount $0.
8m.
The deferred payments are repayable over 3
years together with interest at 7% over a term of 3 years.
The company services and maintains a wide variety of equipment including ceiling
lifts, baths and beds into both long term care and acute care facilities.
The former owner and key management of the distributor have entered into employment
contracts and will continue to be responsible for t
[Moins]
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