Shahal is considering listing in Tel Aviv or on Wall Street – the capital market

The Israeli remote medical services company Shahal, which is traded in Switzerland (SHLTN), is considering listing for trading on another stock exchange, including a leading stock exchange in the US and the Tel Aviv Stock Exchange, the company said. Shahal’s SmartHeart in the USA.

In Shachal, the staff operates a medical center to provide services based on the users’ medical monitoring system. The company specializes in diagnosing and monitoring medical indicators transmitted from the subscriber’s home and provides a quick response if there is a concern or an unusual event has been identified. The Smartheart device is offered by Shahal as its flagship development company. It is a cloud-based service, which uses the subscriber’s smartphone to transmit full ECG data (12 Lead) from anywhere to the Shahal hotline.

Shahal was founded in 1987 by the Elroy family, which controls the company (17%). In 2000, the company was issued in Switzerland at a value of $ 220 after the money, then raised $ 70 million. Today, the company is traded at a value of $ 177 million, after last year. Increased by about 70%.

At the end of 2020, the company made a private allotment, led by


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Which is estimated to have invested about $ 6-8 million for 4-5% of the shares. Harel Wiesel and Natan Hetz, the group’s controlling shareholders, also participated in the offering


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