Roshtov Software Industries News
2 articles
growth-positive
Magic buys 60% of medical records software co Roshtov
Magic Software Enterprises is acquiring 60% of Roshtov Software Industries Ltd. for $21 million cash, valuing Roshtov at $35 million. Roshtov developed the Clicks platform, used in the design and management of patient-file oriented software solutions for managed care and large-scale healthcare providers. The acquisition is seen as a strategic and significant deal for Magic Software Enterprises, as it brings added value to their sales mix. The deal is expected to close in the third quarter, subject to regulatory approvals.
Acquisition
growth-negative
Owners to take medical software co Roshtov private
Founder and CEO Hanan Shahaf and chairman Dr. Allon Zuker have made an offer to purchase all the companys shares. Roshtov Software Industries Ltd., a TASE-listed biomed company, has steady revenue and profits but has not grown. The controlling shareholders, Shahaf and Zuker, have made an offer to purchase the shares of minority shareholders. Most shareholders have accepted the offer. This is the third offer in a month, with the previous offers being raised after being turned down. Roshtov develops clinics management software and provides it to Israels healthcare organizations. The companys share price is unchanged at NIS 5.03, with a market cap of NIS 80 million.
Acquisition
