Norway: Observe Medical new loans finance first instalment of Unomedical asset transfer

Observe Medical, a Nordic medtech company, has secured new loans with the largest shareholders totalling NOK7.25m (US$680,000). The loans will be used to finance the first instalment under the asset transfer agreement (ATA) with Unomedical, and general corporate purposes. Unomedical is owned by Convatec Group. Total purchase price is US$4.195m. Observe Medical is acquiring the…