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Date:
10 January 2000 MEDIA RELEASE Medical House boosts offer to health professionals with web acquisition Medical services and equipment group Medical House today announced its first acquisition of 2000. This follows the announcement last year of its intention to form a multi-faceted medical services group for health professionals worldwide. Formed by Chief Executive Ian Townsend and his partner Gerry Kemp around successful orthopaedic manufacturer ‘Eurocut’, the group has acquired the Leeds medical services web group Medecal Ltd for an undisclosed sum. Townsend believes this new addition to the aggressively expanding group to be a significant step forward. The ‘Healthworks’ web site, owned by Medecal Ltd, has an enviable list of blue-chip customers and suppliers, as well as being a key source of information for most of the UK medical schools and universities, hospitals and libraries worldwide. ‘Healthworks’ is also a key supplier of research information to the European Space Agency. The acquisition will be followed by an investment of up to £1m to build the capability of the web operation and bring the business into line with the Medical House group. There are already plans for the website to be expanded to include a ‘medical business park’, enabling the professional user to visit other medical providers. Additional staff will be recruited into marketing, research and administration roles early this year. The Healthworks website (www.healthworks.co.uk), which has been established for 5 years, currently receives 120,000 hits a month and generated sales of over £250,000 last year. Significantly it has a worldwide database of 35,000 customers, of which 92% are GPs, consultants, teaching personnel and other medical practitioners. This is an extremely useful asset to the present members of the Medical House group and will prove invaluable to other medical companies joining the group. "The Internet is already playing a major role in the development of the medical industry and is set to become a vital source of shared information over the next few years. Consequently the ‘Healthworks’ acquisition should keep us at the forefront of technology for years to come," said Townsend. Healthworks is headed by pioneer's of Healthworks Steve McCann.and Simon Chapman. "This acquisition gives our business huge potential", commented McCann. "In a climate of ‘web mania’ we had to be careful that any dealings were with a truly strategic partner who saw our business as a good long-term asset. Our reputation as a world-class source of up to the minute data and research material is unrivalled and the ability to offer more services via the Medical House will make us an even more attractive supplier." Medical House boosts offer to health professionals with web acquisition…2 Townsend launched the aggressive acquisition campaign during the last quarter of ’99 with the aim of creating a ‘one-stop shop’ of medical organisations under one roof which would benefit from cost savings and the advantages of shared marketing resource and expertise. -ends- websites: www.medicalhouse.co.uk www.healthworks.co.uk www.medecal.com Further information, and interviews with key personnel contact: Paul Snape or Tim Cooper at Appeal on 01423 56 44 22 or e-mail paul@appealpr.co.uk Notes to editors: Medical House - The concept Ian Townsend (the former Chief Executive of Sheffield United PLC) together with his partner Gerry Kemp, has launched a new company called the Medical House and set it on an acquisition trail. The aim is to develop Medical House into a collection of businesses within the medical world. It will offer the opportunity for the spectacular growth associated with Blue Sky ventures, whilst providing a safety net of companies with solid earnings. What it means? Having reviewed the market, they feel there is an opportunity to fill a gap: Most companies rely on one product / invention to generate investment
return, which whilst it can offer significant return, this can
also result in significant losses Solid companies provide secure earnings, without the opportunity
for dramatic returns A combination of both gives potential investors the security
of return with the excitement of spectacular growth potential
and the medical sector provides a unique opportunity for this |
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