Allied Announces $74.7M Sale Spurring 31% Share Increase
Word of a $74.7 million sale sent shares of Allied Healthcare International Inc. (Nasdaq: AHCI) (AIM: AHI) up 31 percent in Monday afternoon trading. Today the healthcare staffing provider announced the sale of its subsidiaries, Allied Respiratory Ltd. and Medigas Ltd., to Air Liquide Group, a provider of industrial and medical gases. According to the press release, Allied maintains a concentration on the expansion of its UK branch network, which provides both homecare services and staffing to local governments and other institutions. The sale of its subsidiaries will allow the company to continue its efforts in the healthcare industry. “Allied…