Eagle Health Holdings Limited (ASX:EHH) announced that it has entered into a controlled placement agreement for a private placement of common shares for gross proceeds of AUD 5,000,000 on February 17, 2020. The transaction will include participation from Acuity Capital Pty. Ltd. The transaction has been approved by the board of directors of the company. The company will receive proceeds over the coming 23 month period in form of equity line.