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SHL Telemedicine Initiates CHF 29.5 Million Rights Offering for Strategic Turnaround

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SHL Telemedicine Initiates CHF 29.5 Million Rights Offering for Strategic Turnaround

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An update from Shl Telemedicine ( (CH:SHLTN) ) is now available.

SHL Telemedicine has announced a rights offering to raise up to CHF 29.5 million, aimed at completing a strategic turnaround to restore profitability. The proceeds will be used to upgrade operational systems in Germany and expand into the U.S. market, with a focus on increasing sales and marketing efforts.

More about Shl Telemedicine

SHL Telemedicine is a company engaged in developing and marketing personal telemedicine systems and providing medical call center services, with a focus on cardiovascular and related diseases. The company offers its services and devices to subscribers using telephonic and Internet communication technology and is listed on the SIX Swiss Exchange.

Average Trading Volume: 6,435

Current Market Cap: CHF19.76M

See more data about SHLTN stock on TipRanks’ Stock Analysis page.

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