Secures US$50M in Additional Funding and Expands Executive Team
London, May 8, 2012 AEST (ABN Newswire) - Healthcare specialist Westhouse Medical Services Plc (
5WM:FRA) announced today that it has secured US$50M in additional funding through Wedgewood Investment Group of New York in the form of two $25 million gold secured bonds. This allows Westhouse to continue it's acquisition expansion throughout Europe and in the USA.
"The need to secure new technologies in the medical field is increasingly obvious for Westhouse to expand its current technology and services portfolio which in turn will increase shareholder value.", said Jack Kaye, CEO of Westhouse Medical. "Our investments demonstrate our confidence in our already impressive growth strategy and expansion plan."
To capitalize on its market momentum, Westhouse has added several key executive and non-executive board members such as on 03/20/12 Jonathan Rothman and 04/18/12 George Barry Jackson. In addition Dr Michael Sevenoaks joined the Medical Advisory Panel on 04/03/12. The company will continue to hire aggressively across engineering, operations, sales, customer service and marketing with plans to double the workforce in 2012 with the global launch of BreastCheck and the opening of the assembly and distribution facility in the United States during the second quarter of this year.
Contact
Westhouse Medical Services Plc
Jack Kaye - Chairman
E: info@westhousemedical.com
For press information:
Jo Lee / Sian Edwards / George Baggaley
Chameleon PR
Email: westhouse@chameleonpr.com
Ph: +44-207-680-5500
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