Induction Healthcare in €30 million Australian medtech deal

The move will significantly strengthen the market position of British firm Induction Healthcare, in which the businessman is a key shareholder

Dermot Desmond owns a 4.72 per cent stake in Induction Healthcare which has which has acquired Attend Anywhere. Picture: Getty

Induction Healthcare, the British-based listed medtech company where Irish businessman Dermot Desmond is a shareholder, has acquired Attend Anywhere in a deal worth €30 million.

The £68 million market cap AIM listed company is funding the deal for the video medical consultation provider through a £25 million (€30 million) share placing that it expects to significantly boost future revenues.

Melbourne-based Attend Anywhere is being bought for an initial £15.56 million in cash plus stock worth ...