I agree with that. I think they were looking at an investment in a company allowing Medicare/private health claiming without the need for a terminal. A lot of health providers use cloud based practice management software which means no on site computer server is needed. Medipass integrates with a lot of these and is so user friendly. It took them a number of years to grow to where they are now and build a solid client base. This acquisition gets tyro in the door of a number of health clinics without having to develop their own app or software. Also allows for upwelling of terminals as many still use HICAPs. Solid acquisition IMO.
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