Key Developments: Prism Medical Ltd (PM.V)

PM.V on TSX Venture Exchange

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23 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Prism Medical announces acquisition of assets of Angel Accessibility Solutions and Beka-Hospitec distribution rights
Friday, 9 Jan 2015 04:30pm EST 

Prism Medical Ltd:Says its wholly-owned subsidiary, Angel Accessibility Inc (Purchaser), has acquired substantially all of the assets and business of Angel Accessibility Solutions Ltd., a British Columbia-based provider of safe patient handling and elevating products and services.Purchase price paid for Business on closing was about $3,675,000, plus assumption of certain debts of the Business by the Purchaser.In addition to purchase price paid on closing, there are potential earn-out payments dependent upon the achievement of agreed EBITDA targets of the Business over the next four years.Purchase price paid at closing was satisfied through the payment of cash and the issuance of 79,186 common shares of Prism at a price of $8.84 per share.Prism Shares are subject to a four month hold period pursuant to applicable securities laws and to a 12 month lock-up period pursuant to an agreement between the parties.As part of transaction Prism acquired the exclusive Canadian rights, other than for Quebec and Atlantic Provinces, to distribute and service bathing, transfer and transport devices and hygiene products on behalf of Beka-Hospitec.  Full Article

Prism Medical Ltd declares dividend
Wednesday, 29 Oct 2014 04:30pm EDT 

Prism Medical Ltd:Says on Oct. 28, approved the payment of $0.125 per common share to shareholders of record on Dece. 1 to be paid on Dec. 5.  Full Article

Prism Medical Ltd announces substantial issuer bid
Thursday, 7 Aug 2014 01:00pm EDT 

Prism Medical Ltd:Says that its board of directors has authorized an offer to repurchase for cancellation up to $35 million worth of its common shares at a price range of $8.00 to $8.75 per Share, through a Dutch auction type substantial issuer bid.Says up to a maximum of 4,375,000 Shares may be repurchased under the issuer bid, representing about 49 pct. of Prism's outstanding Shares.Says Prism currently has approximately 8,897,779 shares issued and outstanding.Says all monetary references in this news release are in Canadian dolla.  Full Article

Prism Medical Ltd announces CFO change
Thursday, 31 Jul 2014 11:04am EDT 

Prism Medical Ltd:George Chiarucci, chief financial officer, will be leaving the company at the end July.Rose Papastamos, vice president, corporate controller, will take over the office of CFO effective Aug. 1.  Full Article

Prism Medical Ltd approves dividend payment
Tuesday, 22 Apr 2014 04:41pm EDT 

Prism Medical Ltd:Approves a dividend payment of $0.08 per common share.Record date May 14.Payment date May 22.  Full Article

Prism Medical Ltd announces sale of UK operations to Lloyds Banking Group's subsidiary
Friday, 11 Apr 2014 12:24pm EDT 

Prism Medical Ltd:Completes sale of UK operations for cash consideration of 30 mln Pound to company backed by LDC (Managers) Limited, UK mid-market private equity firm that is subsidiary of Lloyds Banking Group.Pursuant to purchase agreement, Purchaser acquired all of shares of company's UK holding company, Prism UK Medical Limited.  Full Article

Prism Medical Ltd acquires 100 pct of MedCare Products Inc
Monday, 10 Feb 2014 08:02am EST 

Prism Medical Ltd:Says It has acquired an additional 51 pct ownership interest in MedCare Products Inc. (MedCare), resulting in MedCare becoming a 100 pct owned subsidiary.Says In Dec. of 2012, Prism Medical acquired a 49 pct ownership interest in MedCare for $450,000.Says at the same time, Prism Medical also acquired MedCare's manufacturing assets and inventory and an exclusive supply contract for a combined cost of $10 mln with a holdback of $1.25 mln related to the acquired inventory and other matters.Says the remaining 51 pct of MedCare was purchased for $268,000 and the remaining holdbacks from the Dec. 2012 transaction were settled for a payment of $532,000.Says while Prism will continue to exclusively supply all the products MedCare sells in the moving and handling industry, the supply contract was terminated at closing upon MedCare becoming a 100 pct owned subsidiary.  Full Article

Prism Medical Ltd Declares Dividend
Tuesday, 28 Jan 2014 09:01am EST 

Prism Medical Ltd:Approves a dividend of $0.08 per common share payable on Mar. 3 to the shareholders of record on Feb. 21.  Full Article

Prism Medical Ltd Approves Dividend
Tuesday, 22 Oct 2013 05:41pm EDT 

Prism Medical Ltd announced that the Board of Directors has approved a dividend of $0.08 per common share payable on December 4, 2013 to shareholders of record on November 15, 2013.  Full Article

Prism Medical Ltd Approves Dividend
Wednesday, 24 Jul 2013 05:31pm EDT 

Prism Medical Ltd announced that the Board of Directors has approved a dividend of $0.08 per common share payable on September 2, 2013 to shareholders of record on August 15, 2013.  Full Article

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