Carespan Health Inc (TSE:CSPN) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into TSE:CSPN stock, check out TipRanks’ Stock Analysis page.