市场见解

Alcidion (ASX:ALC) share price halted amid acquisition news

The healthcare technology company is buying a UK software firm. Here are the details
The post Alcidion (ASX:ALC) share price halted amid acquisition news appeared first on The Motley Fool Australia. –

The Alcidion Group Ltd (ASX: ALC) share price is frozen today with the company announcing it will acquire Silverlink PCS Software Limited.

The healthcare technology company’s shares were at 32 cents before the trading halt was announced just before the market open.

Let’s take a look at what is going on at Alcidion today.

What’s happening with Alcidion?

The Alcidion share price was halted today after the company announced it had signed a binding share purchase agreement to acquire UK software company Silverlink. The acquisition will be funded through a capital raise.

Silverlink Software is one of the most widely used patient administration systems in the UK National Health System (NHS).

The $55 million capital raise will include a $30 million share placement and a $25 million entitlement offer of 1 new share for every 10.5 existing shares.

Shares for the placement will be offered at 25 cents apiece. That’s a 21.9% discount on the last closing price of 32 cents.

Roughly 220 million new shares will be issued to the market as part of this capital raise.

Alcidion develops and licenses a range of software products for use in the healthcare sector. It now plans to expand its UK presence to 38 NHS trusts, or 26% of the market.

Management commentary

Speaking on the news that’s halted the Alcidion share price today, CEO Kate Quirke said:

This acquisition is very exciting for Alcidion and clearly aligns with our acquisition strategy of expanding our product offering, increasing our UK market presence, and providing a positive contribution to our financial performance.

We welcome the Silverlink team of 11 staff who together with our own senior leadership team have decades of product development, sales, and implementation experience in Patient Administration Systems.

Alcidion share price snapshot

Shareholders have recorded gains of almost 73% in 2021. Looking at the bigger picture, the last 12 months have seen the Alcidion share price surge by around 48%.

Alcidion reached a yearly high of 49 cents in June, while January delivered the yearly low of 18 cents.

The post Alcidion (ASX:ALC) share price halted amid acquisition news appeared first on The Motley Fool Australia.

Should you invest $1,000 in Alcidion right now?

Before you consider Alcidion, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Alcidion wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why the Alcidion (ASX:ALC) share price is rocketing 11% higher

2 growing small cap ASX shares to watch

3 exciting small cap ASX shares to watch

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alcidion Group Ltd. The Motley Fool Australia has recommended Alcidion Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!