Brief: Coala Life Intends To Acquire Vitrics Management

Coala-Life AB (publ)

09/06/2022 07:13

June 9 (Reuters) - Coala-Life Group AB (publ)  COALA.ST :
    * INTENDS TO ACQUIRE VITRICS MANAGEMENT GROUP INC, A US
COMPANY
ACTIVE IN REMOTE PATIENT MONITORING
    * ENTERED INTO AN AGREEMENT TO ACQUIRE 100 PERCENT OF SHARES
IN
VITRICS MANAGEMENT GROUP INC
    * PURCHASE PRICE OF USD 4.5 MILLION ON A CASH AND DEBT-FREE
BASIS
    * VITRICS IS A FAST-GROWING SERVICE COMPANY IN REMOTE
PATIENT
MONITORING (RPM)
    * ACQUISITION IS IN LINE WITH COALA LIFE'S STRATEGY, WITH
CLEAR
SALES SYNERGIES AND CONTRIBUTES POSITIVELY TO RESULT FROM DAY
ONE
    * DEAL IS EXPECTED TO CLOSE AFTER A USUAL DUE DILIGENCE
PROCESS,
NO LATER THAN 31 JULY 2022

Source text for Eikon:  ID:nMFN7RbTlD 
Further company coverage:  COALA.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))