MEDTECH firm, MedAdvisor, has confirmed that the Pharmacy Guild of Australia's Guild Group now holds an 18% stake in the company.
The announcement to the Australian Securities Exchange (ASX) yesterday, confirmed the Guild had topped up its position in the company from the 13% holding granted in consideration for MedAdvisor's acquisition of its GuildLink business (PD 25 Jul), with a $4.8 million purchase of 34,886,640 ordinary shares through an Institutional Entitlement Offer, which closed last month (PD 27 Jul).
Guild Group now hold more than 92 million MedAdvisor shares.
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