Distribution agreement via Elemental Healthcare

RNS Number : 2016F

Surgical Innovations Group PLC

19 February 2018

 

Surgical Innovations Group plc

("Surgical Innovations")

New distribution agreement via Elemental Healthcare

Surgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative technology for minimally invasive surgery, announces that its fully owned subsidiary, Elemental Healthcare has signed a three year distribution agreement with Bariatric Solutions GmbH ('Bariatric Solutions'), a Swiss company specialising in innovative medical devices for the surgical treatment of obesity. Elemental Healthcare will distribute Bariatric Solutions' products directly into the UK market.

Adam Power, Group Development Director of Surgical Innovations, says: "Obesity is an increasing problem in the United Kingdom and surgery is an effective way to control the health issues related to it. The new products from Bariatric Solutions enable better results for a longer duration which fit perfectly with the aims of the NHS."

Arno Van der Veek, CEO of Bariatric Solutions, says: "The UK market for obesity surgery is large and is growing. The adoption in the UK of techniques that are now commonplace in Europe will give us significant opportunities for sales growth. Elemental Healthcare, a Surgical Innovations Group company, is the leading UK distributor for obesity surgery products and we are excited about our joint opportunity."

For further information please contact:

Surgical Innovations Group plc	www.sigroupplc.com
Nigel Rogers, Executive Chairman	Tel: [phone]
Melanie Ross, COO & CFO
WH Ireland Limited (NOMAD & Broker)	Tel: [phone]
Tim Feather Alex Bond
Walbrook PR  (Financial PR & Investor Relations)	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Lianne Cawthorne	Mob: [phone]

 

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