Through its seven operating businesses it supplies medical equipment and medical consumer products to hospitals, medical centres and aged care facilities. Recent acquisitions of LR Instruments and Richards Medical businesses have increased projected 2014 revenue to $19-20M. Recently secured debt facility with Westpac to fund further acquisitions. This year started paying dividends for first time.
Share price found support at 0.23 and has been moving higher over past few weeks. Directors have been accumulating shares over past 9 months providing confidence for shareholders.
