Careteq Ltd. (AU:CTQ) has released an update.
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Careteq Limited has streamlined its operations by divesting its Sofihub business, focusing on its core profitable medication management solutions with an anticipated improvement in net operating cash flow. The company confirms a solid FY24 EBITDA of $1.5 million from its 55% owned Embedded Health Solutions business and expects further growth with its HMR Referrals platform. Following CEO Elizabeth Whitelock’s resignation, Mark Simari has been re-appointed as Executive Chairman to lead Careteq into a profitable future.
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