IN BRIEF: LMS Capital sells holding in Medhost for USD8.6 million
27th Dec 2023 10:58
LMS Capital PLC - London-based investment company - Sells its minority interest in Medhost Inc, a Tennessee, US-based health information technology company, for net proceeds of USD8.6 million. Of this, USD7.0 million will be paid in cash at closing and USD1.6 million by way of a promissory note, to be settled one year after closing, accruing interest at 11.25% per annum. LMS Capital says that the ned proceeds for the sale are USD1.6 million in excess of Medhost's book value at September 30. Read More