Connected Medical Solutions Ltd signed a share purchase agreement to acquire GP2U Telehealth Pty Limited from Doctor Care Anywhere Group PLC for AUD 3 million.

Connected Medical Solutions Ltd signed a share purchase agreement to acquire GP2U Telehealth Pty Limited from Doctor Care Anywhere Group PLC for AUD 3 million on June 2, 2023. Total consideration of AUD 3 million, comprising AUD 2.5 million worth of unlisted ordinary shares in Connected Medical and AUD 0.5 million of cash, adjusted for normalized working capital. The transaction is subject to the satisfaction of certain conditions, including MED shareholder approval.

Completion is expected to occur by the end of June 2023.