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Bullboard - Stock Discussion Forum CloudMD Software & Services Inc V.DOC

Alternate Symbol(s):  DOCRF

CloudMD Software & Services Inc. is a healthcare service provider. The Company operates through two divisions: Health and Wellness Services (HWS) and Health and Productivity Solutions (HPS). HWS operates through two models: subscription-based pricing using a price per member per month with an average contractual term of three years; and a per-case billing model at an agreed-upon rate for... see more

TSXV:DOC - Post Discussion

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Post by gunzod on Nov 09, 2020 4:09pm

news

CloudMD signs definitive agreement to acquire RE:Function, a profitable Rehabititation Network
Comment by Havefun123 on Nov 09, 2020 4:13pm
Terms of Definitive Agreement In consideration for the purchase of 100% of the outstanding securities of Re:Function, CloudMD has agreed to pay shareholders aggregate consideration of C$8,000,000 payable as follows: (i) C$3,000,000 in cash, subject to a working capital adjustment; (ii) C$3,500,000 in shares of the Company; and (iii) a performance-based earnout of C$1,500,000, which is ...more  
Comment by canon12345 on Nov 09, 2020 6:48pm
That is just the signing of the definitive agreement announced back in August. The price was annouced then so I don't think there is anything new about the deal other then being finalized. 
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