I'm also not sure why this announcement triggered a buying spree.
No shares were sold, bought or changed hands, it's a reporting update to mention the new orgs that now have a bite of Cotiviti.
https://www.fiercehealthcare.com/he...take-11b-analytics-firm-cotiviti-media-report
I doubt anything will change. Selling off their investment in MDR might pay for an Exec bonus, a few months of cloud hosting or a long lunch. With the MedAdvisor business taking Adheris from a clunky paper based mailer to digital and all the benefits and optimisations with analytics, aligns with Cotiviti's vision.
Ann: Becoming a substantial holder, page-3
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Last
50.0¢ |
Change
0.010(2.04%) |
Mkt cap ! $275.2M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 48.0¢ | $244.9K | 498.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 335248 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MDR (ASX) Chart |