Med tech firm offsets reduction of NHS surgical procedures with acquisition
Leeds-based Surgical Innovations has seen revenues rise due to its acquisition of UK distributor Elemental Healthcare last year, offsetting a reduction in NHS surgical work; but overall profitability has suffered.
The designer and manufacturer of medical equipment for key hole surgery, listed on the AIM, saw revenues rise 52% in the six months to 30 June 2018. Revenues increased to £5.28m (2017H1: £3.47m), which it said was predominantly through the additional revenues relating to Elemental Healthcare acquired... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
