Carespan Health Inc (TSE:CSPN) has released an update.
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CareSpan Health, Inc. has successfully divested its 15% minority equity stake in CareSpan Asia for approximately $1 million, a strategic move to strengthen its balance sheet and provide working capital aimed at boosting its U.S. market presence and path to profitability. The transaction also includes an exchange of software rights, which will allow CareSpan to exclusively use a new version of its platform in North America and Europe. In addition, the company is realigning its focus on expanding its SaaS business and supporting its European Joint Venture, with Dr. Sam Toney elected as the new Chairman and Darrell Messersmith joining the board.
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