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An announcement from InteliCare Holdings Limited ( (AU:ICR) ) is now available.
InteliCare Holdings Limited, an Australian technology provider of AI-powered care platforms for aged care and retirement living, has commercialised a predictive analytics hardware and software system built on an IoT sensor network. The company targets both institutional care operators and consumers, aiming to improve care quality and operational efficiency while addressing workforce and compliance pressures in the sector.
The company has completed a A$2.05 million equity placement, issuing 93 million new shares at A$0.022 each to sophisticated and professional investors at a discount to its recent trading levels. Proceeds will fund the commercial scale-up of deployments, including a five-year A$8.8 million subscription contract with mecwacare, a A$2.9 million agreement with Hardi Aged Care, and expansion into retirement villages, bolstering working capital and positioning InteliCare to capitalise on growing demand for technology-enabled aged care solutions.
More about InteliCare Holdings Limited
InteliCare Holdings Limited is an Australian technology company focused on the aged care and health industries, providing AI-powered predictive analytics through an internet of things platform using smart sensors. Its business-to-business and business-to-consumer solutions support aged care and retirement living providers while helping older Australians remain in their homes longer with more efficient, higher quality care.
Average Trading Volume: 902,546
Technical Sentiment Signal: Hold
Current Market Cap: A$14.93M
For a thorough assessment of ICR stock, go to TipRanks’ Stock Analysis page.