Brief: Cegedim Sells Business Activities of US Subsidiary

Cegedim SA

28/08/2019 07:35

Aug 28 (Reuters) - CEGEDIM SA  CGDM.PA :
    * REG-CEGEDIM: BUSINESS ACTIVITIES OF US SUBSIDIARY SOLD
    * DEAL IMPROVES GROUP'S FINANCIAL POSITION
    * DIVESTMENT COULD RESULT IN ASSET IMPAIRMENT OF AROUND EUR
20
MILLION
    * SELLS ALL THE BUSINESS ACTIVITIES OF ITS WHOLLY OWNED
SUBSIDIARY, PULSE SYSTEMS INC., TO CARETRACKER INC., AN
AFFILIATE OF N. HARRIS.
    * DEAL WILL ALLOW CEGEDIM TO FOCUS ITS EFFORTS ON EUROPE AND
UK,
AND TO IMPROVE ITS FINANCIAL POSITION
    * UNDER THE TERMS OF THE SALE, PULSE’S SOFTWARE SOLUTIONS
AND
SERVICES, RCM SERVICES, ALL CUSTOMER CONTRACTS, A PORTION OF
SUPPLIER CONTRACTS, AND MUCH OF ITS PERSONNEL WERE TRANSFERRED
TO THE BUYER.

Source text for Eikon:  ID:nGNE4Hl07V 
Further company coverage:  CGDM.PA 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))