Careteq Ltd. (AU:CTQ) has released an update.
Careteq Limited has announced the sale of its Sofihub business unit to Directed Technologies Group for around $0.58 million, aiming to enhance its financial position and concentrate on its core medication management and clinical governance services. This strategic move is expected to boost the company’s annual net cash flow by $0.8 million and accelerate its profitability goals. The divestment aligns with Careteq’s focus on growth in the health, aged, and home care sectors, particularly through its Embedded Health Solutions and HMR Referrals businesses.
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