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  5. Medaphor buys Inventive Medical for £3m

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Medaphor buys Inventive Medical for £3m

Wed, 03rd Aug 2016 09:55

(ShareCast News) - Ultrasound trainer Medaphor has bought cardio ultrasound supplier Inventive Medical for £3m, payable in shares. The £3m will be paid by the issue of about 7m ordinary shares at 43p each, representing 20% of the enlarged share capital. About 4.6m shares will be admitted to AIM.Inventive Media supplies cardio ultrasound products under its HeartWorks brands which Medaphor had previously collaborated with. HeartWorks' simulator is used in cardiology ultrasound training and complements Medaphor's ScanTrainer simulator which specialises in female pelvis and upper abdomen ultrasound training.The acquisition would expand the sales team providing wider coverage across the UK, US and Europe. It would also enlarge revenues, as for the year ended 31 March 2015 Inventive Medical's revenue was £1.9m and a loss before tax of £300,000.Chief executive Stuart Gall, said: "Having worked closely together for a year, both teams have recognised the opportunities that a closer alliance will bring, not just in combining sales and reseller networks and cross-selling across our customer base, but by offering an integrated and complementary solution."Increasingly, medical simulation centres are requesting full torso ultrasound training and we believe the coming together of our two technologies paves the way for this to become a reality for clinicians seeking to acquire the highest levels of competence in ultrasound practice."Inventive Medical's HeartWorks simulators were developed by cardiac anesthesiologists at University College London Hospital and owned by the hospital's charity.Shares in Medaphor were down 0.99% to 39.11p at 0826 BST.
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7 Jan 2019 10:36

Medaphor losses widen on increased R&D investment

(Sharecast News) - Ultrasound software developer Medaphor warned investors on Monday that losses looked likely to have widened in its last trading year despite improved revenues.

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7 Jan 2019 09:17

MedaPhor Shares Down As Expects 2018 Loss To Widen On Acquisition

LONDON (Alliance News) - MedaPhor Group PLC on Monday said it expects its annual loss to widen sharply following the acquisition of Intelligent Ultrasound.MedaPhor shares were trading 3.2%

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12 Dec 2018 13:49

MedaPhor Group Raises GBP79,000 Via Open Offer (ALLISS)

LONDON (Alliance News) - MedaPhor Group PLC on Wednesday said it raised GBP78,778 via an open offer of shares.The firm issued 926,801 shares, representing 3.8% of the maximum amount to be

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27 Nov 2018 18:11

MedaPhor ScanNav Database Hits 1 Million Obstetric Ultrasound Images

LONDON (Alliance News) - MedaPhor Group PLC said Tuesday its database used for training its artificial intelligence products now has over 1 million obstetric ultrasound images.The software

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26 Nov 2018 07:57

MedaPhor Group to raise £7.1m; proposes name change

(Sharecast News) - MedaPhor Group on Monday said it was raising a total of £7.1m to develop intelligence-based products for regulatory approval.

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23 Nov 2018 16:10

MedaPhor To Start Data Capture Clinical Trial For AnatomyGuide

LONDON (Alliance News) - MedaPhor Group PLC said Friday it will start a clinical trial to capture data for for ultrasound-guided anaesthetic procedures.The company, which focuses on said is

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25 Jul 2018 12:20

MedaPhor Interim Loss Widens But Creates New Unit, Aims For Breakeven

LONDON (Alliance News) - MedaPhor Group PLC on Wednesday set out plans to reach breakeven by the end of 2019 despite a widened loss in the first half of 2018.The software company reported a

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17 May 2018 13:31

Software Firm MedaPhor Says Trading Remains In Line With Views

LONDON (Alliance News) - Ultrasound software and simulation company MedaPhor Group PLC said Thursday that the group's trading was "in line with expectations".In his annual the

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21 Mar 2018 11:20

Medaphor 2017 Loss Widens On Costs Rise As Revenue Grows Strongly

LONDON (Alliance News) - Medaphor Group PLC said Wednesday its loss widened in 2017 after a rise in one-off and post-acquisition overhead costs, as revenue rose strongly in an

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14 Mar 2018 16:20

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 15 March Old MutualFull Year ResultsPhoenix GroupFull Year GroupFull 16

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27 Oct 2016 11:44

MedaPhor supplies six more units to University of Derby

(ShareCast News) - Advanced ultrasound skills training simulator provider MedaPhor Group announced on Thursday that the University of Derby has purchased an additional six ScanTrainer ultrasound simulators for its new Ultrasound Simulation Suite, which it said will act as a learning centre for stude

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15 Sep 2016 09:17

Medaphor's ScanTrainer Gets Accreditation From CPD Standards Office

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8 Sep 2016 09:25

Medaphor launches new ultrasound simulator

(ShareCast News) - Medaphor Group, provider of advanced ultrasound education solutions, released a new ultrasound skills examination simulator called ScanExaminer on Thursday. The simulator is designed for hospitals and examination bodies to test medical professionals' ultrasound skills. According

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29 Jun 2016 08:05

Medaphor Provides Updates To Ultrasound Skills Training Simulator

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