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TMCNet:  Azure Healthcare acquires assets of Sedco Communications

[December 12, 2012]

Azure Healthcare acquires assets of Sedco Communications

Dec 12, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Azure Healthcare Limited, a provider of healthcare communication and clinical workflow management solutions, has acquired the assets of Sedco Communications Pty., Ltd., a provider of healthcare and hospital communication platforms, nurse call systems, operating systems and services. Both the companies are based in Australia.

The transaction will be funded entirely from Azure's existing internal cash flows.

The transaction is effective from December 12, 2012.

Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2012-12-12 Deal Participants Target (Company) Sedco Communications Pty., Ltd. - Assets Acquirer (Company) Azure Healthcare Limited Vendor (Company) Sedco Communications Pty., Ltd.

Deal Rationale The acquisition will allow Azure to strengthen its Asia Pacific presence whilst expanding its presence into the acute care market.

It will also allow Azure to provide an immediate increase of synergistic nurse call revenues, with a minimal increase in operational expenditure, laying the foundation for substantial Asia Pacific growth in financial year 2013.

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