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Shl Telemedicine ( (CH:SHLTN) ) has issued an update.
SHL Telemedicine has successfully completed a rights offering and capital increase, resulting in the subscription of over 20 million new shares by existing shareholders, generating gross proceeds of approximately CHF 12.4 million. This capital increase supports SHL’s turnaround strategy aimed at achieving sustainable profitability by upgrading operational systems in its German subsidiary and increasing its sales and marketing budget in the U.S. market.
More about Shl Telemedicine
SHL Telemedicine is a company focused on developing and marketing personal telemedicine systems and providing medical call center services, particularly targeting cardiovascular and related diseases. The company offers its services and telemedicine devices to subscribers using telephonic and Internet communication technology and is listed on the SIX Swiss Exchange.
Average Trading Volume: 14,587
Current Market Cap: CHF59.01M
See more insights into SHLTN stock on TipRanks’ Stock Analysis page.