Carespan Health Inc (TSE:CSPN) has released an update.
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CareSpan Health, Inc. has announced the successful divestiture of its 15% stake in CareSpan Asia for $1 million, a strategic move aimed at bolstering its balance sheet and funding its working capital to drive profitability in its primary U.S. market. The deal also includes an exchange of software rights, enabling CareSpan Health to focus on expanding its U.S. network and SaaS offerings, as well as supporting a joint venture in Europe. Additionally, Dr. Sam Toney has been elected as the new chairman of the board, with Darrell Messersmith joining the board.
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