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InteliCare Holdings Limited ( (AU:ICR) ) has issued an announcement.
InteliCare Holdings Limited has successfully raised $2 million through a two-tranche placement aimed at accelerating its growth strategy. The funds will be used to support the company’s ongoing projects, including pilot programs and deployments with key clients like mecwacare and Hardi Aged Care, as well as to enhance its AI-driven InteliCare platform. This capital raising also simplifies the company’s capital structure by terminating a previous convertible note facility, positioning InteliCare for continued growth and improved market positioning in the aged care sector.
More about InteliCare Holdings Limited
InteliCare Holdings Limited is an Australian technology company that has commercialized a predictive analytics hardware and software system for the aged care and health industries. The company focuses on enabling Australians to age with dignity by providing business-to-business and business-to-consumer solutions built on its proprietary Internet of Things platform, utilizing smart sensors and artificial intelligence. InteliCare’s aim is to empower healthcare providers to deliver higher quality, more efficient services while allowing individuals to stay in their homes longer.
Average Trading Volume: 1,017,303
Technical Sentiment Signal: Buy
Current Market Cap: A$8.29M
Find detailed analytics on ICR stock on TipRanks’ Stock Analysis page.