SHL to record additional revenues in 2016 from contract in Germany

Tel Aviv / Zurich, 17 May 2017 – SHL Telemedicine Ltd. (SIX Swiss Exchange: SHLTN, OTCPK: SMDCY), a leading provider and developer of advanced personal telemedicine solutions, announced today that it has generated an income of EUR 5.3 million from cost savings it delivered under a Chronic Disease Management Services contract in Germany, relating to the year 2015. This income will be recognized as revenue in the company’s 2016 financial statements. It is not related to the adjustments announced in March 2016 related to some performance-based revenues associated with the service years 2013 to 2015, which reduced the related income receivable

For more information Click here