Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Swift Media completes Medical Media acquisition

Proactive Investors Sunday, 17 February 2019
Swift Media Ltd (ASX:SW1) has completed the Medical Media acquisition effective 15 February 2019 after revealing the transaction on 21 December 2018. Medical Media is a leading Australian digital out-of-home media network which operates more than 2,300 digital screens, delivering content to more than 5 million viewers every month. The acquisition allows Swift to leverage its own world-class content and engaging technology with Medical Media’s advertising capability and network of screens. Through this, Swift can deliver cost synergies of around $3 million per year and deploy Medical Media’s advertisers across Swift’s Network of 75,000 screens. In conjunction with the transaction, Darren Smorgon has been appointed to the board as a non-executive director. READ: Swift Networks reveals 167% increase in EBITDA for December half Swift’s CEO Savier Kris said: “This accretive transaction will significantly broaden our market penetration and help us to further monetise our expanding footprint through attractive new audiences and advertisers. “I am also pleased to welcome Darren Smorgon to our company. “Darren brings a wealth of media industry experience and a deep corporate network, and we look forward to his contribution to the Board. “My sincere thanks to our new and existing team members, customers, shareholders and banking partners for their support of this acquisition.” Darren Smorgon added: “Swift represent the perfect partner for the next stage of Medical Media's journey. “Swift's strong technology capabilities combined with Medical Media's advertising strengths make this a powerful business combination of which I'm excited to be a part.” READ: Swift Networks leveraged to $662 million aged care funding boost Earlier this month, Swift welcomed the government’s announcement to provide a $662 increase in funding for aged care and seniors. Notably, the company recently secured initial three-year contracts with a number of operators including Berrington Care Group and Allity Aged Care.
Credit: NewsChannel 5 Nashville - Published < > Embed
News video: Should Medical Marijuana be Legalized p5

▶ Should Medical Marijuana be Legalized p5 01:27

Medical Marijuana is currently illegal in Tennessee. But one lawmaker believes legalizing it could play a role in ending Tennessee's Opioid Crisis. Republican Senator Janice Bowling is sponsoring legislation that allow Tennesseans suffering from 16 different medical conditions that include Cancer and...

You Might Like

Recent related videos from verified sources

Technology To Deliver Creative Assets Should ‘Recede Away And Just Work’: Extreme Reach’s McGlaughlin [Video]Technology To Deliver Creative Assets Should ‘Recede Away And Just Work’: Extreme Reach’s McGlaughlin

ORLANDO—Very few companies want their services to be invisible to users. But it’s the mantra at Extreme Reach, whose AdBridge platform is used to manage and deploy creative assets across the modern..

Credit: BeetTV - Affiliate     Duration: 03:28Published

Media Faces Reckoning After Underwhelming Mueller Report [Video]Media Faces Reckoning After Underwhelming Mueller Report

The Mueller Report is in and according to AG Bill Barr there is no evidence of collusion between Trump and Russia. For two years the media has been hammering away at theories that the president..

Credit: Wochit     Duration: 00:37Published

Tampa medical marijuana dispensaries now selling smokable product after ban ends [Video]Tampa medical marijuana dispensaries now selling smokable product after ban ends

Three days after Governor Ron Desantis signed a bill revoking a smokable medical marijuana ban, you could buy it at Tampa dispensaries with the proper prescription and paperwork.

Credit: ABC Action News     Duration: 01:27Published

Facebook Can't Find The Local News It Needs [Video]Facebook Can't Find The Local News It Needs

Facebook's latest work could be a bust.

Credit: Celebrity Wire     Duration: 01:35Published

Other recent news in Business

Airwallex is AUSTRALIA's latest unicornMUELLER REPORT issued to public 'in weeks'
Budget to benefit rich, BUSINESS: pollNo decision on ONE NATION votes: Morrison
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.