Brief: Careteq To Merge Ward MM Business With Mederev In JV To Be Called Embedded Health Solutions

Careteq

05/04/2023 02:16

April 5 (Reuters) - Careteq Ltd  CTQ.AX :
    * CARETEQ TO MERGE ITS WARD MM BUSINESS WITH MEDEREV IN A JV
TO BE
CALLED EMBEDDED HEALTH SOLUTIONS
    * CARETEQ WILL HAVE A 55% CONTROLLING STAKE IN JV
    * JV IS FORECAST TO GENERATE ANNUAL EBITDA OF A$1.5-2M
WITHIN
12-18 MONTHS ONCE SYNERGIES REALISED

Source text for Eikon:  ID:nASX45tSTk 
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 ((Reuters.Briefs@thomsonreuters.com;))