12th Sep 2012 13:36
Impact Holdings (UK) plc ("Impact" or "the Company") Heads of Agreement Signed to Acquire Medical Agency
Impact is pleased to announce it has signed Heads of Agreement and is in an exclusivity period to purchase Medical Legal Appointments Limited and its parent company DACH Limited subject to due diligence. The indicative purchase price of approximately £1 million is expected to be satisfied by a mix of cash and shares. Management accounts for the DACH Limited for the year ended 31 March 2012 show turnover of approximately £4.7 million and profit after tax of approximately £165,000.
If the acquisition is successful it will allow Impact to accelerate its strategic re-alignment into being a provider of services to the Legal sector.
Impact expects to be able to update the market on this acquisition within the next eight weeks.
For further enquiries:
Impact Holdings (UK) plc Paul Davies, Chief Executive Officer Tel: 01928 793550
Zeus Capital Limited Andrew Jones/Nick CowlesTel: 0161 831 1512
Related Shares:
IHUK.L