Mach7 Technologies Limited (ASX:M7T) has executed a share sale agreement for the purchase of 100% of the shares of Client Outlook Inc. for CA$38.5 million cash. Client Outlook Inc specialises in enterprise viewing technology with a platform known as “eUnity”. The acquisition would provide company with a full departmental clinical diagnostic Picture Archive Communication System (PACS) solution offering.
The funding of the acquisition would be done through a fully underwritten accelerated non-renounceable entitlement offer and placement to raise A$34.8 million.
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