3rd Feb 2020 18:22
(Alliance News) - Watchstone Group PLC on Monday said its Canadian subsidiary now has final change of control consent to sell its Canadian Healthcare services business.
Shares in Watchstone closed up 8.2% at 145.75 pence in London.
In September 2019, Watchstone - formerly known as Quindell PLC - said its Canadian subsidiary Quindell Services Inc had agreed to sell PT Healthcare Solutions Corp and the other subsidiaries which form its Canadian Healthcare services business. The business will be sold to a unit of LM Holdings Corp for CAD36.2 million, around GBP21 million.
After being delayed by regulations, the sale is now set to complete on or near Friday this week, provided purchase agreement terms are met.
By Anna Farley; [email protected]
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