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MedAdvisor launches on the ASX
A medical software developer has listed on the ASX and launched an IPO with advice from a national firm.
Lara Bullock
Firms: HWL Ebsworth (MedAdvisor Limited)
Value: $20 million
Area: IPO
Key players: The HWL Ebsworth team was led by partner Sam Dwyer (pictured). Peter Dreher, David Woodford, Timothy Dorgan, John Gray and Johnny Ho were also involved.
Deal significance: MedAdvisor Limited (ASX: MDR), which specialises in designing and commercialising software systems for medication management, has made a backdoor listing on the Australian Securities Exchange (ASX).
The ASX listing involved MedAdvisor International Pty Ltd implementing a reverse takeover of listed company Exalt Resources (ASX: ERD) and undertaking a $5 million public offer, which was heavily oversubscribed.
Shares in the company recommenced trading on 1 December with a market capitalisation of approximately $20 million.
