MDR 0.00% 48.0¢ medadvisor limited

Ann: MDR successfully completes Placement & Institutional Offer, page-2

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    Outcome achieved.
    • Raising approximately AUD $35 million, exceeding the minimum required to complete the acquisition of Adheris Health.
    • Adheris’ strong sales pipeline of health programs relating to pharmaceuticals and vaccines built this quarter provides confidence for FY21 sales growth.
    • Major shareholder HMS and a number MedAdvisor directors have participated in the round.
    The market might want to see a first quarter of Adheris revenue under MDR before the share price lifts.
 
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