TIDMULT

RNS Number : 8900Y

Ultrasis PLC

30 January 2014

Ultrasis plc ("Ultrasis" or "the Company)

Ultrasis announces Acquisition of Occupational Health Business.

Ultrasis the provider of healthcare and wellness services is pleased to announce that it has acquired the business and assets of an Occupational Health and Travel Clinic located in Waterloo, London for a nominal consideration. The Clinic, which was previously owned by Abermed Limited, comes with an annual income of GBP700,000 from contracts with self-pay clients and is currently generating a small profit. The assets transferred to Ultrasis have a nominal value attached to them.

The Clinic, which will now be known as 'Waterloo Health Clinic', provides a range of Occupational Health, Travel Advice and Vaccination Service and Employment Related Medicals.

"In line with our stated strategy, this acquisition presents an ideal opportunity to further increase the range of services that Ultrasis provides and creates a footprint within Occupational Health, a new but complementary market for the company. It also offers us the opportunity to look at new ways to promote our range of products and services directly to consumers through a 'High Street' presence" says Ultrasis Chief Executive John Smith.

He added "Abermed were looking for a suitable healthcare company to take on the management and delivery of the services and have given a four year commitment to maintain contracts at the current levels; this gives us a very solid basis on which to grow the business further and look at synergies with our recently acquired Wellness business, Screenetics. The Board are delighted to welcome the Medical, Nursing, Management and Administrative Staff to the Ultrasis Group."

Media enquiries:

For all enquiries relating to Ultrasis please contact

 
Ultrasis plc                 Tel: +44 (0) 20 7535 2050 
John Smith, Chief Executive 
 
finnCap Limited              Tel: +44 (0) 20 7220 0500 
Geoff Nash/Simon Hicks 
 
JBP Public Relations         Tel: +44 (0) 11 7907 3400 
Chris Lawrance

Notes to Editors

Ultrasis is a healthcare company with core expertise in health, psychology, software development and programme management. We deliver a range of healthcare products to the consumer, the NHS, the corporate sector and other healthcare providers in the UK and Internationally. Ultrasis was the first company to offer computerised products based on Cognitive Behavioural Therapy (CBT) and interactive multimedia, and is still the world leader in this field.

Waterloo Health Clinicis based on York Road in London's Waterloo area and is less than 2 minutes' walk from Waterloo Railway Station. The staff team consists of Doctors, nurses and administrative support. The Clinic was previously part of a network of UK clinics managed by Abermed Ltd.

End

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