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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Global Health | LSE:GHP | London | Ordinary Share | GB00B23TTS84 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 115.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6637G Global Health Partner PLC 31 October 2007 Global Health Partner plc ("GHP" or the "Company") Acquisition of the assets of Specialistkliniken for implantat och kakkirurgi ("SFIK") GHP announces that it has today completed the acquisition of an effective interest of 41% in SFIK, the major private supplier of highly specialised dental rehabilitation in the Ostra Gotaland county in Sweden. Acquisition details Nordic Dental Holding AB (NDH) a 51% owned subsidiary of GHP has acquired an 80% interest in SFIK together with the dental implants clinicians at Specialistkliniken at Sophiahemmet who are the 49% minority owners of NDH and are co-investing in SFIK. The oral and maxillofacial surgeon Sten Andersson will own 20% of SFIK and become the new CEO of the clinic. The total price paid for 100% of SFIK is approximately #167,000 in cash (SEK/#:13.15). In the latest twelve months financial statements to December 31, 2006 SFIK had revenues of approximately #868,000 and an adjusted profit after tax of approximately #60,000 on its accounting basis, translated at current rates of exchange. Pro forma gross assets are approximately #102,000. SFIK The clinic is located at the general hospital in Norrkoping and has specialists representing five different specialities tied to it; oral and maxillofacial surgery, prosthodontics, periodontology, stomatognathic physiology and endodontology. Specialistkliniken is the only full range private oral rehabilitation centre in the region and is a growing operation. Development of the Dental Service Line within GHP GHP has started the Dental Service Line based on the view that the market lacks a private alternative for specialised oral rehabilitation, with a wide range of treatment methods, that can ensure a holistic approach to each patient providing the best possible care. GHP aims to build highly specialised oral rehabilitation centres in targeted markets. The oral rehabilitation centres will be closely linked to research in the different specialist areas to ensure high competence and to attract skilled specialists to join the organisation. Commenting on the proposed acquisition, Per Batelson, Chairman and Chief Executive of GHP, said: "I am delighted by the acquisition of SFIK in Norrkoping. It is an important step forward in growing the GHP Dental Service Line and expanding the range of specialities and treatment methods. The clinic is very well positioned geographically and with the skilled specialists represented by our new GHP partner oral and maxillofacial surgeon Sten Andersson and his team it has every potential of growth and development." CONTACTS: Per Batelson, GHP CEO: 00-46-3116-7890 or: 00-46-705-955700 James Thornton, GHP Corporate Finance Director and Company Secretary: 0207-665-1833 or: 07788-975-633 This information is provided by RNS The company news service from the London Stock Exchange END ACQMMBPTMMBJBRR
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