Induction Healthcare Group PLC Acquired by VitalHub UK Limited
Why we think this is neutral
This RNS announcement is a general update on the completion of the acquisition of Induction Healthcare Group PLC by VitalHub UK Limited. It does not contain any specific financial or operational updates that would warrant a more positive or negative sentiment score.
Key Points
- Scheme of arrangement between Induction and its shareholders has become effective
- Induction is now a wholly owned subsidiary of VitalHub UK Limited
- Trading in Induction shares on AIM has been suspended and will be cancelled
Summary
The healthcare software company has been acquired by a subsidiary of VitalHub Corp.
Induction Healthcare Group PLC has been acquired by VitalHub UK Limited, a direct subsidiary of VitalHub Corp. The acquisition was implemented through a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The scheme has now become effective, and Induction is now a wholly owned subsidiary of Bidco.
GENERAL UPDATE