Business
Leveljump Healthcare Corp. Announces 13.1% Minority Investment in Real Time Medical
Toronto, Ontario--(Newsfile Corp. - November 24, 2021) - Leveljump Healthcare Corp. (TSXV: JUM...
About this update from Leveljump Healthcare Corp.
[{"type":"text","content":"Leveljump Healthcare Corp. Announces 13.1% Minority Investment in Real Time MedicalToronto, Ontario--(Newsfile Corp. - November 24, 2021) - Leveljump Healthcare Corp. (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) (\"Leveljump\" or the \"Company\"), a Canadian leader in B2B telehealth solutions, is pleased to announce that, subject to regulatory approval, it has agreed to acquire an outstanding 13.1% minority equity interest in Real Time Medical Inc. (\"RTM\"), a private Ontario company, in exchange for 2,244,576 units (a \"Unit\") of Leveljump. Each Unit will be issued at a price of $0.66 per Unit with each Unit being comprised of three (3) Leveljump common shares at a deemed price of $0.22 per share and one (1) share purchase warrant of Leveljump, each warrant entitling the holder to acquire one additional common share of Leveljump at a price of $0.35 per common share on or before December 31, 2023.The equity interest in RTM was acquired through a mini-tender offer to the shareholders of RTM dated November 1, 2021 whereby JUMP offered to acquire up to 19.9% of RTM in exchange for the Units. The holders of the RTM shares who have tendered are all accredited investors.\"We are very excited about this investment and believe that with Real Time's teleradiology operations and servicing in multiple provinces across Canada, that there is a natural complement to our core CTS operations,\" said Mitchell Geisler, Chief Executive Officer of the Company. \"We are focused on expanding our telehealth solutions and offering critical care radiology support and this investment is another step in growing our company.\" Closing of the RTM Offer is subject to the consent of the TSX Venture Exchange and the approval of the board of directors of RTM, which has been obtained.All securities issued will be subject to a hold period of four months and one day pursuant to applicable securities laws.About Real Time MedicalReal Time Medical is a company created by clinicians, for clinicians. Its founders include three Canadian radiologists and a former GE PACS executive. The vision is to grow and operate a nationwide radiology collaboration service for Canadian radiologists, with world class, patented diagnostic workload balancing, workflow orchestration, peer learning and diagnostic operations software. The service network was launched in 2008.About Leveljump Hea...