Induction Healthcare Group Plc (GB:INHC) has released an update.
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Induction Healthcare Group PLC has divested its subsidiary Horizon Strategic Partners Limited to Eolas Medical Ltd for £1.2 million, streamlining its asset portfolio and focusing on its core strategy of transforming healthcare interactions. The deal includes a mix of cash payment and a convertible loan agreement, reinforcing Induction’s commitment to enhancing financial performance and concentrating on its integrated product strategy. The disposal marks a significant move in the company’s planned divestment of non-core assets, with the proceeds set to bolster the Group’s working capital.
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