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ASX-listed health company makes key acquisition
Mills Oakley has advised ASX-listed Volpara Health Technologies Limited on its most recent acquisition and associated fully underwritten equity capital raising.
Emma Musgrave
Source: millsoakley.com.au/people/iain-laughland/
Firm: Mills Oakley (Volpara Health Technologies Limited)
Value: $55 million equity capital raising which consisted of a $10 million ANREO capital raising and a $45 million institutional placement.
Area: M&A, Corporate
Key players: The Mills Oakley team consisted of associate Renée Gilead, lawyer John Breen, graduate Darwin Ni and was led by corporate partner Iain Laughland.
Deal significance: Volpara is described as a New Zealand-headquartered global medical technology company whose artificial intelligence (AI) imaging algorithms assist the early detection of breast cancer, while MRS Systems is a medical software company that provides comprehensive patient tracking, communication and a radiology reporting platform for sub-specialty radiology applications including breast and lung imaging throughout the United States.
The acquisition of MRS Systems by Volpara represents its first since listing on the ASX in 2016.
“We are pleased to have continued our close association with the Volpara team and to have played a small part in helping Volpara’s ongoing goal of saving families from the impact of breast cancer through the use of its risk-assessment technology,” Mills Oakley lead partner Iain Laughland said.
“The acquisition and capital raising will allow Volpara to expand its global footprint and will allow an even greater number of women to be screened using Volpara’s advanced technology platform that is clinically proven to assist with the early detection of breast cancer.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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