*****This thread is set-up mainly to gather information relating to Mediwatch along with the sector they are involved in and IS IN NO WAY A RECOMMENDATION TO BUY!********
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Update as of 16/04/2010
Under Mediwatch PLC there are four sub-divisions:
1. Mediwatch UK Ltd.
2. Mediwatch Biomedical Ltd.
3. Mediwatch Pathology Ltd.
4. Mediwatch USA Inc.
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Mediwatch was established in 1996 and has developed a range of specialist medical equipment for the diagnosis of urological disorders.
The group joined the AIM in 2000 through a reverse into Prostcare plc,which at the time was valued at £8m.While the vast majority of sales were generated in the UK,there was a substantial indirect export business involving a number of agents,supplying into Europe,North America,Australasia and Asia,notably Japan.
Group revenues are set to increase rapidly following the acquisition of the former Medtronic Urodynamis Division,which has introduced a fundamental presence in North America.The deal was in 2006 with the sales division building from 2007.
With the inclusion of the Medtronic systems now owned by Mediwatch they now can offer a 'One Stop Shop' for the diagnosis of various urology disorders with the benefit of Mediwatch systems having the ability to electronically send data from the various tests to a central data base!Oh and plus the added bonus of PSAwatch and now PCA3plus!
More than 30 million PSA tests are performed annually in the USA alone!
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