GP advertising group, Medical Media acquired by Swift Networks

December 21, 2018 3:46

Out-of-home network Medical Media has been acquired by ASX listed Swift Networks in a deal worth up to $25m.

Medical Media owns 2,500 digital screens located in medical practice waiting rooms across Australia while Swift narrowcasts to private networks across sectors including resources, maritime, aged care, retirement homes and government agencies.

According to the statement release to the stock exchange, Medical Media’s revenue grew by 42% in FY18 to $7.4 million.

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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