Financial Highlights for the First Quarter of 2008:
Revenues increased by 73% to USD 10.4 million from USD 6.0 million in Q1 07. Whilst all businesses contributed to the increased revenues, strongest growth was achieved by PHTS, SHL's German operations with subscriber growth of over 80 %.
conducted in Germany . Taunus, following the success of the congestive heart failure (CHF) telemedicine program with PHTS, decided on entering into a pilot program with PHTS for providing telemedicine services to high-risk patients with diabetes mellitus type 2 and manifest micro or macrovascular illnesses; that is, those patients with complications of the small and large blood vessels.
SHL dividend distribution - individual tax solution for shareholders. The total dividend amount distributed to each shareholder amounts to 80% of the dividend amount with 20% taxes withheld and deposited with a trustee on April 17, 2008 for a 90 day period, after which they will be transferred to the Israeli Tax Authorities.
The total dividend amount distributed to each shareholder amounts to 80% of the dividend amount with 20% taxes withheld and deposited with a trustee on April 17, 2008 for a 90 day period, after which they will be transferred to the Israeli Tax Authorities.
2007 was a momentous year for SHL in which the groundwork was laid for solid expansion of the company's activities in the coming years by expanding the service bases and telemedicine applications in all markets.
Tel Aviv/Zurich, 7 March 2008 - SHL Telemedicine Ltd. (SWX: SHLTN), a leading provider
and developer of advanced personal telemedicine solutions, today announced that Ron N.
Salpeter has notified the company that he would like to retire from the Board of Directors in
April 2008
Dusseldorf/Tel Aviv/Zurich, 20 December 2007 - SHL Telemedicine Ltd. (SWX:SHLTN), a leading provider and developer of advanced personal telemedicine solutions, is pleased to announce that Debeka, the biggest private health insurance company in Germany, and PHTS Telemedizin, SHL's wholly owned German subsidiary, have signed an agreement to continue and expand their co-operation for a long-term.
PHTS Telemedizin to provide telemedicine services to AOK Rheinland/Hamburg through telemedicine net established in Cologne
Capital gain, net of taxes of around USD 35-40 million expected from the sale.
SHL received USD 110 million as upfront cash consideration and debt assumption. In addition, SHL will participate on a revenue sharing and royalty basis for up to 9 years in revenues of Raytel's current services and certain future services to be introduced in North America for which certain minimum payments will be made pending achievement
of agreed upon milestones.