SHL Telemedicine, today announced that it will rebrand its subsidiary PHTS Telemedizin, Germany’s leading provider of telemedical care programs

German business continues growth trend. 
 

in product innovation
The ‘2008 European Telemedicine Systems for Cardiac Monitoring Product Innovation of the Year Award’ is presented to SHL Telemedicine in recognition of its next generation personal ECG device - the CardioSen'C™.

2008 – A year of significant growth

After reaching profitability for the first time in the previous quarter, SHL's
German operation continued its strong growth trend, bringing its operating profit to USD 0.6 million with positive operating cash flow. This together with continued moderate growth in Israel has led to SHL's 3rd quarter of consecutive growth and improved financial performance.

SHL to provide services to LKK Niedersachsen-Bremen. LKK Niedersachsen-Bremen, one of nine agricultural health insurance companies in Germany, attends for approximately 150 thousand farmers and their family members. The goal of the co-operation with PHTS Telemedizin is to improve the quality of care and quality of life for chronically ill heart patients and at the same time achieve better cost-efficiency by avoiding unnecessary hospitalizations.

SHL Telemedicine wins Knappschaft Bahn See contract.  During a one-year pilot project, several hundred KBS patients with congestive heart failure (CHF) will benefit from PHTS Telemedizin's services. KBS is part of a network of Deutsche Rentenversicherung (Pension funds).

Strong Positive Momentum of Q2 2008 Expected to Continue .The growth momentum built up in recent quarters at SHL's German operations has brought these activities to profitability during the quarter under review and is contributing to the improved overall performance of the Company.

World's first wireless 12 Lead Digital Cellular personal ECG
transmitter CardioSen'CTM receives FDA clearance.