LONDON: Surgical Science Sweden AB has reached agreement on the terms of a recommended cash acquisition of Intelligent Ultrasound Group by means of a court-sanctioned scheme of arrangement. Under the terms of the acquisition, Intelligent Ultrasound shareholders shall be entitled to receive 13 pence in cash for each share held. The acquisition price values the…
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Intelligent Ultrasound Group to sell Clinical AI business to GE for £40.5 million
LONDON: Intelligent Ultrasound Group plc (AIM: IUG), the ultrasound AI software and simulation company, has entered into a conditional sale and purchase agreement for the sale of its Clinical AI business to GE HealthCare for an enterprise value of £40.5 million on a cash free/debt free basis. The proposed transaction excludes the NeedleTrainer and NeedleTrainer…