Safety Medical to acquire 3D Medical

THE ROADHOUSE PHARMACY: Safety Medical Products (ASX: SFP) has executed a formal Share Sale Agreement (SSA) to acquire the rights and title in 100 per cent of the issued capital of 3D Medical Limited.

The Transaction will include an equity raising of at least $2 million to provide funding for the 3D Medical business and working capital for the company.

“3D Medical is an emerging service provider that will offer the healthcare sector a suite of services and technologies that leverage 3D volumetric data,” Safety Medical Products said in its ASX announcement.

“The company is focussed on four cutting edge technologies with the potential to revolutionise diagnosis and patient treatment and care, by providing healthcare professionals with more meaningful information and greater insight into the complexities of patient anatomy.”

The four platform technologies that 3D Medical intends to pursue are:

Touch
3D printing service to create tactile, anatomical models;

Visualise
Holographic projection via partnership with Echopixel Inc.;

Gestsure
Accessing digital patient data in operating rooms using simple hand gestures; and

Medidata
Manipulation and analysis of data generated by medical practices.

“3D Medical is already generating revenues from 3D printing and holographic projection services,” SFP said

“Commercialisation of the other two platforms is imminent.”

Under the agreement 3D Medical will nominate three persons to the Board of Directors of SPF on completion of the transaction, and following that appointment existing directors will resign.

Website: www.safemed.com.au