TORONTO, July 09, 2024 (GLOBE NEWSWIRE) — CloudMD Software program & Companies Inc. (TSXV: DOC, Frankfurt: 6PH) (the Firm or CloudMD), an revolutionary well being providers firm reworking the supply of care, and CPS Capital, an entrepreneurial funding agency partnering with companies and groups to appreciate their development targets, are happy to announce the profitable completion of the beforehand introduced go-private transaction (the Transaction) pursuant to which, amongst different issues CPS Capital (by way of an affiliate) (CPS Capital) acquired the entire issued and excellent frequent shares of CloudMD (the Shares) by the use of a court docketaccepted plan of association. Pursuant to the Transaction, CloudMD shareholders are entitled to obtain a money cost of C$0.04 per Share.
The Shares are anticipated to be delisted from the TSX Enterprise Trade after the top of buying and selling on July 10, 2024. CPS Capital intends to trigger CloudMD to submit an utility to stop to be a reporting issuer beneath relevant Canadian securities legal guidelines.
About CloudMD
CloudMD is an revolutionary North American healthcare service supplier centered on empowering more healthy dwelling by combining forefront expertise with an distinctive nationwide community of healthcare professionals. Day-after-day, our workers and well being care suppliers reside our values of delivering excellence, collaboration, linked communication and accountability to unravel complicated well being issues. CloudMD’s trade main office well being and wellbeing answer, Kii, helps members and their households with a customized and linked healthcare expertise throughout psychological, bodily and occupation well being. Kii delivers superior scientific well being outcomes, constant excessive engagement, and measurable ROI for payers resembling employers, academic establishments, associations, authorities, and insurers. CloudMD can be a market chief in office absence administration by way of data-driven prevention, intervention and return to work applications.
As well as, the Firm sells well being and productiveness instruments to hospitals, clinics, and different healthcare service suppliers to empower them to ship higher care. Go to www.cloudmd.ca to study extra concerning the Firm’s complete healthcare choices.
Contact:
Karen Adams
Chief Government Officer
1-647-484-1405
About CPS Capital
CPS Capital is a center market non-public fairness agency, primarily based in Toronto, based by owner-operators who look to accomplice with enterprise house owners to appreciate their development and transition targets. CPS Capital is targeted on North American alternatives to put money into distinctive companies in rising industries with engaging traits. CPS Capital brings vital functionality, experience, and capital to offer enterprise house owners with a horny possibility in comparison with conventional monetary or strategic consumers.
Contact:
Michael Arblaster
Accomplice
1-416-860-3639
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
Ahead Trying Statements
This information launch comprises forward-looking statements and forward-looking data inside the which means of Canadian securities legal guidelines, together with statements regarding the delisting of the Shares and CloudMD’s utility to stop to be a reporting issuer. All data that isn’t clearly historic in nature could represent aheadtrying statements. In some instances, aheadtrying statements could also be recognized by means of phrases resembling forecast, projected, assumption and different comparable expressions or future or conditional phrases resembling anticipate, consider, might, estimate, anticipate, intend, could, plan, predict, undertaking, will, would, and may. Ahead-looking statements contained on this information launch are primarily based on sure components and assumptions made by administration of CloudMD primarily based on their present expectations, estimates, projections, assumptions and beliefs concerning their enterprise and CloudMD doesn’t present any assurance that precise outcomes will meet administration’s expectations. Whereas administration considers these assumptions to be affordable primarily based on data at the moment obtainable to them, they could show to be incorrect. Such aheadtrying statements usually are not ensures of future occasions or efficiency and by their nature contain recognized and unknown dangers, uncertainties and different components, together with these dangers described within the Firm’s MD&A (which is filed beneath the Firm’s issuer profile on SEDAR+ and could be accessed at www.sedarplus.ca), which will trigger the precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such aheadtrying statements. Though CloudMD has tried to establish vital components that would trigger precise actions, occasions or outcomes to vary materially from these described in aheadtrying statements, different components could trigger actions, occasions or outcomes to be totally different than anticipated, estimated or supposed. There could be no assurance that such statements will show to be correct as precise outcomes and future occasions might differ or differ materially from these anticipated in such aheadtrying statements. Accordingly, readers mustn’t place undue reliance on aheadtrying data. CloudMD doesn’t undertake to replace any forward-looking data, whether or not on account of new data or future occasions or in any other case, besides as could also be required by relevant securities legal guidelines.
Supply: CloudMD Software program & Companies Inc.