MedAdvisor receives $9.5m strategic investment from EBOS Group • MedAdvisor receives $9.5 million strategic investment from EBOS Group Limited (NZX/ ASX: EBO) a NZ$2.6B diversified healthcare business • Shares issued to EBOS via a placement for $0.0575 a share, a 44% premium to the last capital raise in October 2016 to fund the Healthnotes acquisition at $0.04 per share • Following completion of the placement and an off-market purchase, EBOS will hold ~14.1% of the share capital of MedAdvisor • MedAdvisor has entered into three year strategic agreements with some of EBOS’ businesses • Investment and agreements will accelerate MedAdvisor’s customer acquisition strategy and increase the pace of international expansion efforts.
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MedAdvisor receives $9.5m strategic investment from EBOS Group •...
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