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FINWIRES

Alcidion Group to Acquire Kyra Flow Products From Telstra Health; Shares Up 6%

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Alcidion Group (ASX:ALC) agreed to acquire the business and assets of Kyra Patient Flow Manager, Kyra Queue Manager, and Kyra IQ from Telstra Health, a subsidiary of Telstra Group (ASX:TLS), according to a Monday filing with the Australian bourse.

The transaction involves a AU$3 million upfront payment and up to AU$1 million earn-out payment, subject to recurring revenue metrics, assessed over 12 months after completion, the filing said.

Completion is expected to take place by the end of June, subject to the satisfaction of closing conditions, per the filing.

Alcidion Group shares rose 6% in midday trade Monday.

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