$TELE ended the week w shares at $.38 Shares of Telecure Technologies $TELE/$TELE.CN have recovered nicely after a big sell off at the start of the week and have been resting comfortably above the 20MA. Further stabilizing of share prices are a good sight after the announcement last week of Telecure’s agreement to acquire CCMS.
The agreement is going to increase $TELE ’s clients served by 20K via 65 care providers. The telemedicine industry is really finding its place in mental health and physician practices, and $TELE CEO Adnan Malik stated he is optimistic that their technologies like CallingDr will accelerate their growth and profitability. The acquisition agreement means there will be some wide implementation of their solutions across CCMS practices.
Shares of $TELE are trading at $.38.