Burlington, MA (PRWEB) October 22, 2021 Burlington, MA and Raleigh, NC, October 21, 2021 - Adheris Health, a MedAdvisor company, and leading provider of
iTWire Friday, 07 May 2021 11:14 MedAdvisor closes $5.25 million capital raising
Shares Robert Read, MedAdvisor CEO and Managing Director
Australian-listed medtech company, MedAdvisor has closed a $5.25m capital raise via a placement, with the funds to be used to accelerate US growth initiatives.
MedAdvisor (ASX: MDR) says it expects to pass $55 million in revenue this calendar year and the funds raised will also help drive the business towards cash flow breakeven.
The equity raise was done at 30 cents per share, representing a 7.1% premium to the last traded price of MedAdvisor shares, and a 4.4% discount to the five-day volume-weighted average price.
CEO and Managing Director Robert Read said, “This capital injection puts MedAdvisor in a strong cash position as we continue to execute on significant growth opportunities and fast-tracking strategic digital US initiatives.”
The First Connection
This story features 1st Group Ltd, and other companies. For more info SHARE ANALYSIS: 1ST
Future prospects of the health booking platform – 1st Group – with some new opportunities on the horizon
By Tim Boreham
How a founder’s ASX-listed healthcare platform saved his own life
Health platform founder Klaus Bartosch offers an unusually personal and powerful endorsement of his own company: it literally saved his life.
Eight years ago Bartosch created
1st Group ((1ST)) to facilitate online medical appointments, given most of them were (and still are) made over the phone.
A keen cyclist, Bartosch in 2013 was about to embark on a series of cancer fundraising rides, but his knee arthritis was playing up.