Auxita Announces the Successful Closing of A$5 Million Capital Raising
BRISBANE, Australia, November 10, 2019 (Newswire.com) - Auxita today announced that it has successfully closed an oversubscribed A$5 million, third-round equity placement by private and institutional investors.
This capital raising strengthens Auxita’s balance sheet and positions the organisation for accelerated growth and to take advantage of new opportunities under evaluation.
Auxita Chairman Peter Turnbull said, "This funding highlights Auxita's success in the Canadian and Australian markets and supports the growing demand for Auxita’s innovative platform.”
Auxita will use the funds to expand its sales and marketing programs, invest in research and development, and increase its workforce to deploy Auxita in more physicians' practices.
Auxita is an easy-to-use platform that analyzes patient data using the latest clinical guidelines in real time. From common calculations to treatment next-steps and engaging visuals, Auxita puts the information physicians need at their fingertips to help reduce the administrative burden of running a practice and improve patient experience.
With a footprint across Australia and Canada, our teams collaborate with medical advisors, technology experts and strategic partners to help move Auxita forward to the next generation of medical technology.
For more information on how Auxita is shaping the future of healthcare, visit www.auxita.com.