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Visiomed Group, an international group dedicated to innovative healthcare technologies and services
Visiomed Group announces termination of Convertible Bonds with attached warrants financing agreement
Paris, April 14th, 2022
Visiomed Group (FR0013481835 - ALVMG), a key player in the connected healthcare sector, today announces its decision to terminate the Convertible Bonds with attached warrants financing agreement entered into with PARK CAPITAL on February 12th, 2021. This termination shall take effect once the balance of all outstanding Convertible Bonds with attached warrants have been converted or redeemed in full, by May 13th, 2022 at the latest.
The decision comes after the intention to terminate the agreement was announced on November 30th, 2021 and coincides with the completion of the payment of the balance of the Smart Salem acquisition price by Visiomed Group.
As from today, no more diluting instruments may be issued under this agreement1.
About VISIOMED GROUP
Founded in 2007, VISIOMED GROUP relies on a long experience in the health sector to invest in innovative health technologies and services in France and abroad.
The Group now has two wholly-owned subsidiaries:
- BewellConnect, created in 2014, pioneer in connected health and teleconsultation solutions
BewellConnect offers an enriched technological universe, both in medical devices and software, making it possible to respond to all telehealth use cases: enriched and assisted teleconsultation, home telemonitoring, hospital monitoring, tele-expertise, teleassistance and tele-regulation.
BewellConnect's flagship product, VisioCheck, is the first telemedicine station weighing less than 300g for healthcare professionals, available in a case, station or modular health space.
BewellConnect is now deploying its solutions in France and abroad.
- Smart Salem, the first digital medical analysis center accredited by the Dubai Ministry of Health (DHA) in the United Arab Emirates
The Smart Salem offer is based on know-how in medical analysis, radiology and data analysis and processing to detect nearly 35 diseases in 7 minutes in a patient (in particular HIV, hepatitis and tuberculosis) by offering reliable results, readability and exceptional patient experience enabled by advanced artificial intelligence and virtual reality technologies.
Smart Salem's “Medical Fitness Assessment” offer resulting from this know-how thus makes it possible to obtain a residence or work visa in the space of 30 minutes compared to 10 to 15 days in historical health centers.
Smart Salem is a technological platform offering many growth opportunities, as shown by the opening of the second center in Dubai in September 2022 and the authorization received for the opening of a third center, planned to open in the first quarter of 2023.
Based in Paris, VISIOMED GROUP is listed on Euronext Growth (ALVMG). More information on visiomed.fr, smartsalem.ae and www.bewell-connect.com.
CONTACTS
Jérôme FABREGUETTES-LEIB Investor Relations visiomed@actus.fr Phone: +33 1 53 67 36 78 | Fatou-Kiné N'DIAYE Financial Press Relations fndiaye@actus.fr Phone: +33 1 53 67 36 75 |
© Visiomed Group SA 2022. The brands mentioned are the property of their respective authors. Reproduction prohibited, even partial, without prior authorization.
Disclaimer
This press release contains non-factual information, including but not limited to certain statements regarding upcoming results and other future events. These statements are based on the Company management's current guidance and assumptions. They incorporate known and unknown risks and uncertainties that could result in material differences versus forecast earnings, profitability and events. Furthermore, Visiomed Group and its shareholders, affiliates, directors, officers, advisors and employees have not verified the accuracy of, and make no representations or warranties regarding, the statistical data or forward-looking information contained in this press release that originates or is derived from third-party sources or industry publications. Such statistical data and forward-looking information are used solely for information purposes in this press release.
1 A table showing convertible bonds and equity warrants issued may be found on the Company's website.
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