Austco Healthcare Completes Teknocorp Acquisition and Releases Escrowed Shares

Austco Healthcare Limited ( (AU:AHC) ) has provided an update.

Austco Healthcare Limited has successfully completed the earn-out period for its acquisition of Teknocorp, making a final payment of $799,092 and settling all contingent considerations. The acquisition has bolstered Austco’s revenue and profit growth, enhancing its market strategy in Australia and aligning its services with global operations. The release of 3,888,889 shares from voluntary escrow is also announced, although the company acknowledges a delay in notification due to an administrative oversight. Austco remains committed to transparency and regulatory compliance.

More about Austco Healthcare Limited

Austco Healthcare Limited is an international provider of healthcare communication and clinical workflow management solutions. Headquartered in Australia, the company operates subsidiaries in six countries and serves healthcare facilities through a global reseller network. Austco Healthcare focuses on markets such as health, aged care, and acute care across regions including Australia, New Zealand, Canada, the UK, USA, Asia, and the Middle East.

Average Trading Volume: 213,306

Technical Sentiment Signal: Sell

Current Market Cap: A$101.9M

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