Progressive Care (OTCQB:RXMD +9.2%) has entered into a Letter of Intent to acquire MyApps, a developer of healthcare software, which includes the emerging telehealth service app CallingDr, for $10.2M.
MyApps is a commercial-stage software developer on pace to record over $1M in revenues in 2020.
Pursuant to the LOI, $7.5M will be paid in Progressive Care common stock, and the remaining $2.7M will be paid in two annual installments.
Link: https://seekingalpha.com/news/3612216-progres...e-provider