Brief: Mednow Announces The Execution Of Cost Reductions Through The Wind-Down Of Two Subsidiaries

Mednow

09/05/2023 15:29

May 9 (Reuters) - Mednow Inc  MNOW.V :
    * MEDNOW ANNOUNCES THE EXECUTION OF COST REDUCTIONS THROUGH THE WIND-DOWN OF
TWO
SUBSIDIARIES
    * MEDNOW INC - LIVER CARE CANADA INC. HAS PERMANENTLY CEASED ORDINARY COURSE
BUSINESS OPERATIONS
    * MEDNOW INC - LONDON PHARMACARE INC. WILL COMMENCE ITS CLOSURE IN
NEAR-FUTURE
    * MEDNOW INC: LIVER CARE IS FOCUSED ON ENSURING PATIENT CARE IS NOT
ADVERSELY
AFFECTED BY ITS DECISION TO TERMINATE OPERATIONS
    * MEDNOW INC: LONDON PHARMCARE INC. IS IN DISCUSSIONS WITH LENDER WITH
REGARDS TO
ACTIONS TAKEN BY LENDER
    * MEDNOW INC: INFUSICARE CANADA INC. IS IN TECHNICAL BREACH OF CERTAIN
FINANCIAL
COVENANTS UNDER THEIR CREDIT FACILITIES

Source text for Eikon:  ID:nBw3G3Sf5a 
Further company coverage:  MNOW.V 

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