logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Pluribus Technologies Corp. completes sale of TeleMED Diagnostic Management Inc. and TDM Telehealth Technology Ltd.

May 10, 2024over 1 year ago

Acquiring Company

Pluribus Technologies Inc.

Acquired Company

TeleMED Diagnostic Management and TDM Telehealth Technology Ltd

TorontoTorontoHealth Care

Description

Pluribus Technologies Corp. (TSXV: PLRB) has announced the closing of the sale of substantially all of the assets of its wholly-owned subsidiary, TeleMED Diagnostic Management Inc., and all of the issued and outstanding fully-diluted shares of its wholly-owned subsidiary, TDM Telehealth Technology Ltd. for an aggregate purchase price of $5,070,000 payable in cash. The sale allows Pluribus to focus its resources and efforts on core business activities and further strategic objectives. The purchaser is committed to maintaining the businesses' relationships with customers and employees over the long term.

Company Information

Company

Pluribus Technologies Inc.

Location

40 KING STREET WEST, SUITE 5800

Toronto, Ontario, Canada

About

The sale of these subsidiaries represents a strategic move by Pluribus Technologies Corp. to optimize its portfolio and unlock value for its shareholders. The transaction allows the company to sharpen its focus on its core assets, reduce debt, and strengthen its financial foundation for long-term success.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed