Brief: Atrys Buys 100% Of Initia Oncologia And 70% Of Initia Research For Aggregate Amount Of 2.3 Mln Euros

Atrys Health SA

28/12/2022 06:46

Dec 28 (Reuters) - Atrys Health  ATRY.MC :
    * SAID ON WEDNESDAY IT ACQUIRED 100% OF INITIA ONCOLOGIA AND
70%
OF INITIA RESEARCH (INITIA)
    * AGGREGATE AMOUNT PAID FOR BOTH COMPANIES AMOUNTS TO 2.3
MILLION
EUROS ($2.45 MILLION) AT FIXED PRICE AND VARIABLE PAYMENT ("EARN
OUT") AMOUNTING TO 185,000 EUROS
    * INITIA'S INCOME IN 2021 FINANCIAL YEAR HAS BEEN 2.1
MILLION
EUROS AND COMPANY HAS NO FINANCIAL DEBT
    * INVESTMENT ALLOWS ATRYS TO EXPAND ITS NATIONAL PRESENCE BY
STARTING ITS ONCOLOGY ACTIVITY IN VALENCIA
    * IT ALSO ALLOWS ATRYS TO EXPAND ITS MEDICAL TEAM

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM8Gz46j
 Further company coverage:  ATRY.MC 
($1 = 0.9392 euros)
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))