Healthcare Technologies plans to change its name to NexGen Biofuels to more clearly reflect its new business, which will be to pursue alternative and renewable fuel sources and production through the acquisition of existing production facilities and/or through the building of new production facilities.

Eran Rotem, CFO of Healthcare Technologies, said: After working on this transaction for approximately one year, I am pleased to see the merger come to fruition and am extremely excited to be part of the NexGen team and to partake in the implementation of NexGen’s business plan.