MedAdvisor Limited (ASX:MDR) Receives LOI for ANZ Division Acquisition
Strategic Options Update
MedAdvisor Limited has received a non-binding Letter of Intent from a prominent multinational software business to acquire its ANZ business division for cash. The company believes the offer reflects a materially higher value than the current share price. The LOI includes customary conditions such as an exclusivity period for due diligence, with a binding agreement expected within five to seven weeks.
Financial Performance
The ANZ division achieved a record revenue of A$2.9 million in April 2025, demonstrating strong performance.
Executive Comments
CEO Rick Ratliff stated, “We are pleased to have received a compelling offer which validates our view of the significant strategic value of MedAdvisor Solutions’ ANZ business. We are also very pleased that our process has identified a potential acquirer that intends to continue to grow and invest in the business for the benefit of pharmacies across Australia.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended MedAdvisor. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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