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The acquisition will give the minimally invasive medtech firm a direct route into the UK
Thursday 03 Aug 2017 Author: Lisa-Marie Janes

Med tech Surgical Innovations (SUN:AIM) is to acquire medical products distributor Elemental Healthcare for £9.3m in a bid to enhance earnings and provide a direct route to the UK market.

Co-founder David Marsh and managing director Adam Power from Elemental will become significant shareholders once the acquisition is completed. In the last 12 months Surgical Innovations is up more than 100% to 3.8p.

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