MedAdvisor signs binding agreement to acquire Guild Link Pty Limited

MedAdvisor Limited (ASX: MDR) has signed a binding agreement to acquire GuildLink Pty Limited from Guild Group Holdings Limited. The acquisition of GuildLink Pty Limited would enable the Company to provide an improved platform that eliminates duplication and increases efficiencies for the benefit of Australian pharmacies.

The Pharmacy Guild of Australia will work in partnership with MedAdvisor to develop as well as deliver new and ongoing health service initiatives together with government programs to provide and support the health requirements of communities across Australia.

The acquisition of GuildLink will be funded by MedAdvisor via the issue of 57,118,490 fully paid ordinary shares in MDR to Guild Group, which is 15% of MDR’s issued capital.

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