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jedijazz

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jedijazz

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Re: None

Thursday, 09/17/2020 12:38:11 PM

Thursday, September 17, 2020 12:38:11 PM

Post# of 37456
$RXMD .0465 +6.65% Progressive Care to acquire telehealth service provider

Progressive Care (OTCQB:RXMD +9.2%) has entered into a Letter of Intent to acquire MyApps, a developer of healthcare software, which includes the emerging telehealth service app CallingDr, for $10.2M.

MyApps is a commercial-stage software developer on pace to record over $1M in revenues in 2020.

Pursuant to the LOI, $7.5M will be paid in Progressive Care common stock, and the remaining $2.7M will be paid in two annual installments.

Link: https://seekingalpha.com/news/3612216-progressive-care-to-acquire-telehealth-service-provider


ALL comments are In My Own OPINION. Please Use Your Own DD for Stock Trading.

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