CAJ

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30.0¢ capitol health limited

Ann: IDX: Integral Diagnostics & Capitol Health Proposed Merger, page-24

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Gareth

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21/06/24

09:55

Post #: 74419912
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Originally posted by tamz: ↑

“If they get through due diligence – never a small task – the deal would just about close the gap between Integral and No.2 player Sonic. The bigger platform should be better able to navigate that teleradiology/AI world, with Integral having made a start on the teleradiology front.
Shareholders on both sides are claiming a win, which is rare: Capitol’s like what managing director Justin Walter has done, but are worried the stock is too small, too illiquid and too well-owned by small-cap funds to get rewarded for the gains; Integral’s understand the scale argument, and think blending the two companies’ different approach to compensating doctors is a good thing.

It’s not the first time they’ve been down this path. The smaller Capitol had a crack in late 2017, but Integral fought it tooth and nail and did some bolt-on acquisitions of its own. It took a while for the bad blood to dissipate.
Interestingly, those talks in late 2017/early 2018 also played out while sector bigwig I-MED was in play. Private equity firm Permira ended up buying it from rival EQT – its third PE owner in a row.
Whenever I-MED is in play, everyone gets a bit jumpy. It sets the tone for the sector.
Hopefully, this time around, Victoria-focused Capitol and NSW/Queensland/NZ-heavy Integral can put aside their differences long enough to get their deal done. That’s what both sets of shareholders want. Neither is a gem on its own, but together they could create value.
The risk is that a private capital group swoops in with a cash offer for either Capitol or Integral and drives a wedge between the merger partners. If that happens, watch the bad blood spill over.”

part of an opinion piece in AFR

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what bad blood do they mean?

CAJ Price at posting: 30.0¢ Sentiment: Hold Disclosure: Not Held
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Last 30.0¢		Change -0.005(1.64%)		Mkt cap ! $319.8M

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Ann: IDX: Integral Diagnostics & Capitol Health Proposed Merger, page-24

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

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Featured News

Ann: IDX: Integral Diagnostics & Capitol Health Proposed Merger, page-24

Top Stories

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News