Cloudmd Software & Services, Inc. (TSE:DOC) has released an update.
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CloudMD Software & Services Inc. has agreed to a go-private acquisition by CPS Capital at C$0.04 per share, providing essential capital to address CloudMD’s liquidity challenges and support its growth in the healthcare sector. The Transaction, recommended by CloudMD after a strategic review due to cash flow difficulties and debt repayment challenges, is seen as the best path forward to ensure the company’s survival and ability to capitalize on the demand for outcome-based healthcare services.
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