Intelligent Ultrasound Group Plc (GB:IUG) has released an update.
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Intelligent Ultrasound Group Plc has successfully sold its Clinical AI Business to GE HealthCare for £40.5 million, while retaining its NeedleTrainer products and Simulation Business. This strategic sale values the Clinical AI Business at significantly more than its previous year’s revenues. Following the sale, the company plans to focus on the potential of their Simulation Business and is preparing for a substantial return of capital to shareholders through a capital reduction process.
For further insights into GB:IUG stock, check out TipRanks’ Stock Analysis page.
