LONDON (ShareCast) - Healthcare Enterprise has proposed plans to merge its loss making Crest Medical business with the First Aid Warehouse Group.
The company is also considering spinning off its Ebiox and Reproductive Sciences units, but said it will look to retain a part ownership in each company.
In addition, Healthcare Enterprise is effecting a further fundraising of £250,000 through the issue of unsecured loan stock.
“The board believes that the proposed strategy of the group is the best way to realise value for HCEG shareholders,” said chairman Mark Tompkins.
“The introduction of sufficiently incentivised management teams supported by funds from investors interested in specific sectors on a business by business basis is, we feel, most likely to achieve optimal values for the company's three principal businesses,” he added.
The group’s shares were suspended at the end of September pending clarification of its financial position and plunged after trading recommenced at the end of October.
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