TSV Australia (ASX:TSH) Announces Name Change to Azure Healthcare (ASX:AZV) and Secures $2.08m Through Fully Underwritten Rights Issue

Melbourne (PRWEB) May 28, 2012 TSV Holdings (ASX:TSH) is pleased to announce that it has changed its name to Azure Healthcare (ASX:AZV) Limited, to bett

TSV Australia (ASX:TSH) announces name change to Azure Healthcare (ASX ...

Melbourne (PRWEB) May 28, 2012

TSV Holdings (ASX:TSH) is pleased to announce that it has changed its name to Azure Healthcare (ASX:AZV) Limited, to better reflect the ongoing nature of the business. The shareholders of the Company approved the name change at the Company's Annual Meeting held on 30th November 2011.

In January 2012, Azure Healthcare successfully completed a $ 2.08m Rights Issue, with in excess of 65% of the shareholders taking up the rights issue. The remaining 35% shortfall was snapped up by a series of high profile investors including; the current Chairman and CEO of Azure Healthcare Mr. Robert Grey, former Ernst & Young Entrepreneur of the Year (WA), Mr. Nathan Buzza and Perth Businessman, Mr. Michael Ruane.

When asked about his investment in Azure Healthcare, Grey stated, The Austco business has been operational for over twenty five years and installed some 6,000 nursecall systems. I am delighted to be back in role of Chairman and Chief Executive.

The recent capital raising strengthens our existing balance sheet and enables us to commit to an aggressive programme of Research & Development.

Within Acute Care there is a myriad of clinical alarm systems; Patient Monitoring devices that measure your O2 Levels, Heart Rate and Blood Pressure along with Ventilators and IV Pumps. All these systems tend to operate autonomously and there is definitive requirement to provide a ubiquitous network to integrate these platforms into a common architecture.

Nursecall systems are the primary method in which patients attract the attention of nursing staff, so it makes logical sense to integrate these third party platforms into our staff allocation platform.

TSV Australia (ASX:TSH) announces name change to Azure Healthcare (ASX ...

TSV Australia (ASX:TSH) announces name change to Azure Healthcare (ASX ...

Source : http://imentalhealth.net/mental-health-disorders/cognitive-disorders/tsv-australia-asxtsh-announces-name-change-to-azure-healthcare-asxazv-and-secures-2-08m-through-fully-underwritten-rights-issue

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