Singular Health Sells Subsidiary, Sharpens Focus

Singular Health Group Ltd (AU:SHG) has released an update.

Singular Health Group has finalized the sale of its subsidiary, Singular 3DP Pty Ltd, to Sylvan Capital for $450,000, while achieving significant cost savings by staying rent-free at their current premises. This strategic move aligns with the company’s focus on leveraging their 3Dicom software to enhance the utility of medical imaging records. The sale is also expected to bring about overhead reductions, particularly in office expenses, contributing to the company’s streamlined business operations.

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