SHL Telemedicine Ltd. (SIX: SHLTN) said it has completed the acquisition of GPH (Gesellschaft fur Patientenhilfe), based in Munich, for a cash purchase price of EUR7.6 million.
GPH´s nationwide German telemedicine programme Cordiva currently cares for about 10,000 chronic heart failure patients in daily regular care. GPH, a subsidiary of US-based Alere Inc., has AOK Bayern and AOK North East amongst its major clients.
SHL Telemedicine is engaged in developing and marketing personal telemedicine systems and the provision of medical call center services, with a focus on cardiovascular and related diseases, to end users and to the healthcare community.
Date: April 2, 2015