Doctor Care Anywhere announces IPO to raise £55m

Doctor Care Anywhere, a telehealth provider founded in 2013, has announced that it has lodged a prospectus with the Australian Securities and Investments Commission to undertake an initial public offering.
The company will offer new shares at an offer price of A$0.80 per share to raise approximately A$102.0 million / £55 million.
Founded by doctors, the company provides video or phone consultation services with a GP, and provides an ‘internet hospital’ by integrating primary and secondary services.
It plans to use the funding raised in the IPO to support its growth strategy, marketing and engagement capabilities and to deliver new services including Mental Health and Virtual Specialist Services.
Jonathan Baines, Chairman of Doctor Care Anywhere, said: “Doctor Care Anywhere has grown rapidly since its inception in 2014,  providing services to more than 1,500 corporate and SME clients through its major channel relationships.”
“The impact of COVID-19 on all our lives has demonstrated the vital role that technology can and must play in the future of healthcare. We see Doctor Care Anywhere at the forefront of this revolution and we have a clear and ambitious growth strategy that aims to create real value for investors in the rapidly growing digital health market.”
Dr Bayju Thakar, Founder and CEO of Doctor Care Anywhere, added: “The business was set up because we are determined to improve healthcare systems for patients everywhere. Our ability to bring together experienced clinicians and a proprietary digital platform is a unique and highly scalable proposition, and will meet growing demand worldwide. We are therefore thrilled to be launching in Australia, and believe that this is an important next step in our company’s story as we continue to focus on innovation in order to strengthen our service  offering for patients.”  
To access the prospectus, please see: https://doctorcareanywhere.com/investors/
The post Doctor Care Anywhere announces IPO to raise £55m appeared first on htn.

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