TSX:AIDX - Post Discussion
Post by
zack50 on Dec 20, 2024 1:24pm
Small cap to watch...
Healwell AI Inc., a health care artificial intelligence company focused on preventative care, announced on Dec. 16 that it planned to buy Auckland, New Zealand-based Orion Health Holdings Ltd for $165-million. Orion is a subscription license and services revenue business serving the public sector and has more than 70 global customers in 11 countries. Healwell said the deal would give it a “significant muti-jurisdictional platform” to deliver AI-driven services.
The company said the deal includes $144-million upfront, including a minimum of $86-million in cash and the rest in Healwell stock. The company said the cash part of the deal would be partially funded by a bought deal private placement of convertible debentures and subscription receipts co-led by Eight Capital and Scotiabank for gross proceeds of $50-million. It said the balance is expected to be covered with debt provided by a Schedule 1 bank.
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