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
Target (Company) Sedco Communications Pty., Ltd. - Assets
Acquirer (Company) Azure Healthcare Limited
Vendor (Company) Sedco Communications Pty., Ltd.
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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