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iTWire - MedAdvisor closes $5.25 million capital raising


iTWire
Friday, 07 May 2021 11:14
MedAdvisor closes $5.25 million capital raising
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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.” ....

Robert Read , Adheris Health , Managing Director Robert Read , Perennial Value Management , San Francisco Based Partners For Growth , Loan Facility , ராபர்ட் ரெட் , வற்றாத மதிப்பு மேலாண்மை , கடன் வசதி ,

The First Connection - FNArena


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. ....

Klaus Bartosch , Tim Boreham , John Plummer , Group Ltd , Alcidion Group , Adheris Health , Openpay Group , Healthengine Network , Consumer Commission , St Vincent Health Australia , Weekly Reports , Pet Yeti , Health Australia , Medibank Private , Seven West Media , Australian Competition , Federal Court , நேரம் போர்ஹாம் , ஜான் ப்லமர் , குழு லிமிடெட் , நுகர்வோர் தரகு , ஸ்டம்ப் வின்சென்ட் ஆரோக்கியம் ஆஸ்திரேலியா , வாராந்திர அறிக்கைகள் , செல்லம் எட்டி , ஆரோக்கியம் ஆஸ்திரேலியா , மேடிபபங்க் ப்ரைவேட் ,