Surgical Innovations Group PLC Distribution agreement via Elemental Healthcare (1518G)
28 February 2018 - 6:00PM
UK Regulatory
TIDMSUN
RNS Number : 1518G
Surgical Innovations Group PLC
28 February 2018
Surgical Innovations Group plc
("Surgical Innovations")
Elemental Healthcare extend Microline inc. distribution
agreement
Surgical Innovations Group plc (AIM: SUN), the designer and
manufacturer of innovative technology for minimally invasive
surgery ("MIS"), announces that its wholly owned subsidiary,
Elemental Healthcare Limited, has signed an additional three year
exclusive UK distribution agreement with Microline Surgical Inc,
Boston USA ("Microline") which was due for renewal on 31 March
2018. Microline manufactures instruments for MIS that are
complementary to the Surgical Innovations branded range. The new
distribution agreement is expected to generate revenue of an
estimated GBP7m over the duration of the contract.
David Marsh, Group Commercial Director of Surgical Innovations
Group plc, commented: "Microline has been one of the cornerstones
of the Elemental Healthcare business for the last ten years and we
are delighted to continue this partnership. Microline share the
same ethos of cost containment and reduction in clinical waste as
Surgical Innovations, allowing Elemental Healthcare to provide
unique solutions to the NHS and private healthcare providers which
make significant savings with procedural kits."
Johan van Doremalen, General Manager EMEA, Microline Surgical BV
commented: "Elemental Healthcare has been an important partner for
us in Europe for nearly 10 years and we are delighted to continue
this relationship with one of the leading MIS distributors in the
UK."
For further information please contact:
Surgical Innovations Group www.sigroupplc.com
plc
Nigel Rogers, Executive Tel: 0113 230 7597
Chairman
Melanie Ross, COO & CFO
WH Ireland Limited (NOMAD Tel: 0113 394 6600
& Broker)
Tim Feather
Alex Bond
Walbrook PR (Financial PR Tel: 020 7933 8780 or
& Investor Relations) si@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07584 391 303
This information is provided by RNS
The company news service from the London Stock Exchange
END
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