SHL Telemedicine to acquire GPH Cordiva. Expected to generate additional revenues of € 9 to € 10 M with enhanced profitability

Tel Aviv/Zurich, 23 March 2015 – SHL Telemedicine Ltd. (SIX Swiss Exchange: SHLTN), a leading provider and developer of advanced personal telemedicine solutions, today announced that it has signed a definitive agreement to acquire GPH (Gesellschaft für Patientenhilfe), based in Munich, for a cash purchase price of € 7.6 million. GPH’s nationwide German telemedicine programme Cordiva currently cares for about 10,000 chronic heart failure patients in daily regular care. GPH, a subsidiary of US-based Alere Inc., has AOK Bayern and AOK North East amongst its major clients. For more information click here