Biosign Completes Sale Of Hardware Division And Unwinds Investment In Higher Bracket Online
Media Inc. - Yahoo Finance
This change will enable Biosign to focus on developing and
delivering its software solutions while retaining the ability to connect with...
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Biosign Completes Sale Of Hardware Division And Unwinds Investment In Higher Bracket Online
Media Inc. - Yahoo Finance
This change will enable Biosign to focus on developing and
delivering its software solutions while retaining the ability to connect with hardware devices
(including Pulsewave) and future related products. A separate hardware business may allow for
alternative funding channels to be employed in ongoing device development which is capital
intensive. This divestiture is not expected to materially decrease Biosign's revenue and
significantly reduces operating expenses and capital expenditures going forward. Biosign
Chairman and interim CEO Michael Gross stated: "We are pleased to take this step to strengthen
and focus Biosign on the high-margin and fast growing software divisions acquired over the past
18 months. As a company completely focused on software solutions, Biosign will now be able to
better serve its growing client base in the home care, allied health and practi
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