NZVCC expands
New Zealand Venture Capital Corporation, Ltd, in which Investment Finance Corporation, Ltd, has a 28 per cent interest, has made its second move into the medical safety equipment area through the acquisition of a 49 per cent stake in Hospital Safety Company, Ltd.
This company has Australian and New Zealand patents covering a method of transfer-
ring hospital patients from a bed to an operating or X-ray table without the need to lift them, helping both nurses and patients.
ee acquisition, which was made for an undisclosed cash sum, comes after a move in July which saw NZVCC buy 20 per cent of a new company set up to produce medical safety equipment such as a needle guard and needle disposal unit.
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Press, 2 December 1985, Page 40
Word Count
124NZVCC expands Press, 2 December 1985, Page 40
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