Ann: Transaction between Hills Health Solutions and Lincor Inc.-HIL.AX, page-2

All sounds a bit dodgy to me:

"Hills and Lincor Solutions’ shareholders will each hold approximately half of Lincor Limited’s
shares" However, Lincor claims to be deployed "in over 130" hospitals around the world, yet Hills claims "products are in 400 hospitals and 570 aged care facilities throughout Australia"

On the surface, hardly a merger of equals.

The Hills ASX announcement of the deal reads in part "HHS and Lincor Solutions have together,
or individually, won significant recent contracts for major Australian hospitals including:
 the new Royal Adelaide Hospital (nRAH) - the largest and most technologically advanced
hospital development in the Southern Hemisphere;
 Blacktown Hospital’s new CSB wing; and
 the new Sydney Northern Beaches Hospital."

Those 3 contracts were announced by Hills (alone) back in August - so why does this latest announcement suggest Lincor has a hand in the deals?

Lastly there is the warning that a capital raising will be made for/by the new venture.