NAHL Group exploring sale of critical care business
By Michele Maatouk
Date: Friday 05 Apr 2024
(Sharecast News) - NAHL Group confirmed on Friday that it is currently investigating the potential sale of its critical care business, Bush & Co.
Responding to recent press speculation, the company said it was pleased with the progress that Bush & Co has made in growing revenues and profitability and continues to believe that there is "an exciting opportunity" for that business in its market.
"However, the board is always considering strategic options that seek to accelerate growth in value for shareholders and can confirm that it is currently investigating the potential sale of Bush & Co," it said.
NAHL has appointed an adviser in relation to a potential sale of the business, but insisted the matter is at a "very early stage" and there can be no certainty a sale will occur, nor as to the terms or timing of any such sale.
"No discussions have taken place with any potential purchaser and no approach for the business has been received," it said, adding that further announcements will be made as appropriate.
AIM-listed NAHL is a marketing and services business focused on the UK consumer legal market.
At 1345 BST, the shares were up 7.2% at 69.68p.
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