DGAP-News: Westhouse Medical Services sells AST Ambulance Service business to MBO team
(firmenpresse) - DGAP-News: Westhouse Medical Services plc / Key word(s): Corporate
Action
Westhouse Medical Services sells AST Ambulance Service business to MBO
team
12.03.2012 / 07:00
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Westhouse Medical Services sells AST Ambulance Service business
to MBO team
Confirms intention to enter US market through majority control of Sunridge
International
LONDON, UK, 12th March 2012 - Healthcare specialist Westhouse Medical
Services Plc ('Ticker Symbol 5WM') today announces it has sold its AST
Ambulance Services business to a management buyout team for UK£2.75m.
The MBO team is led by AST's current operations director, Stewart Lawson.
AST Ambulance Services provides specialist transport and ambulance services
for the NHS in the UK.
Jack Kaye, founder and CEO of Westhouse Medical said, 'We wish Stewart and
his team all the best in the future in taking the AST business forward.'
On 8th March Westhouse Medical announced that it intended to expand into US
market by entering negotiations to acquire majority control of Sunridge
International. The glaucoma treatment specialist will be the second
acquisition by Westhouse's medical devices division, following the purchase
of US and UK patents for the Profemme breast cancer screening technology
from the Battlebridge Group Limited in November 2011.
Westhouse Medical is currently developing and will be launching in 2012
BreastCheck, a breast scanning device which can act as an effective,
low-cost precursor to mammogram screening.
~ends~
WESTHOUSE MEDICAL SERVICES PLC
SYMBOL: 5WM
WKN: A1JKH7
ISIN: GB00B6YWDK49
SEDOL: B6YWDK4
For press information, contact:
Jo Lee / Sian Edwards/ George Baggaley
Chameleon PR
Email: westhouse(at)chameleonpr.com
Ph: +44 (0) 207 680 5500
End of Corporate News
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Media archive at www.dgap-medientreff.de and www.dgap.de
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160081 12.03.2012
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Datum: 12.03.2012 - 07:00 Uhr
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