SHL Telemedicine Confirms Discussions Regarding a Possible Investment in its Israeli Activity

Rhea-AI Summary

SHL Telemedicine, a premier developer of personal telemedicine solutions, announced it is in discussions with Discount Capital, the investment arm of Israel Discount Bank, for a potential investment in SHL's Israeli operations. Currently, no decisions or binding agreements have been made. SHL assures to update the market as necessary.

Positive

• Potential investment discussions with Discount Capital, a reputable investment arm.
• Public commitment to keep market informed on progression.

Negative

• No binding agreements or decisions have been made yet.

TEL AVIV & ZURICH & NEW YORK--(BUSINESS WIRE)-- SHL Telemedicine Ltd. (NASDAQ: SHLT, SIX: SHLTN;) ("SHL" or the "Company"), a leading provider and developer of advanced personal telemedicine solutions, has clarified today that it is in discussions with Discount Capital Ltd. the investment arm of Israel Discount Bank, regarding a possible investment relating to SHL’s Israeli activity. At this point, the parties have not yet taken any decision nor entered into any binding obligation with regard to the realization of such transaction. SHL will further inform the market as required.

About SHL Telemedicine
SHL Telemedicine is engaged in developing and marketing personal telemedicine systems and the provision of medical call center services, with a focus on cardiovascular and related diseases, to end users and to the healthcare community. SHL Telemedicine offers its services and personal telemedicine devices to subscribers utilizing telephonic and Internet communication technology. SHL is listed on the SIX Swiss Exchange (SHLTN, ISIN: IL0010855885, Security No.: 1128957) and on the Nasdaq Stock Exchange (SHLT, ISIN: US78423T2006, CUSIP: 78423T200).

For more information, please visit our website at www.shl-telemedicine.com.

Forward-Looking Statements
Some of the information contained in this press release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. SHL Telemedicine undertakes no obligation to publicly update or revise any forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240620051822/en/

Fabienne Farner, IRF, Phone : +41 43 244 81 42, farner@irf-reputation.ch

Source: SHL Telemedicine

FAQ

What is SHL Telemedicine's recent announcement regarding SHLT?

SHL Telemedicine announced discussions with Discount Capital about a potential investment in its Israeli operations, though no binding agreements have been made yet.

Which company is SHL Telemedicine in talks with for a possible investment in its Israeli activity?

SHL Telemedicine is in discussions with Discount Capital, part of Israel Discount Bank, for a possible investment in its Israeli operations.

Has SHL Telemedicine made any binding agreements with Discount Capital?

No, SHL Telemedicine and Discount Capital have not yet made any binding agreements or decisions regarding the potential investment.

Will SHL Telemedicine provide updates on the investment discussions?

Yes, SHL Telemedicine has assured that it will inform the market as required on the progression of the investment discussions.