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Careteq Limited (ASX:CTQ)

ALERT: Price-sensitive ASX Announcement for CTQ
Current share price for CTQ : $0.011 0 (0%)+
Announcement
Release
6 Feb 2026 9:10AM
Price at Release
$0.011
Full Release
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Summary
Careteq Limited, an Australian healthtech company, announced a binding agreement to sell its Embedded Health Solutions (EHS) business to Nationwide Investments Holdings Pty Ltd for $5 million. This decision follows an internal review and aims to refocus the company on its HMR Referrals platform and address financial obligations including disputes with the ATO. The sale, which requires shareholder approval, is part of a strategic move to recalibrate Careteq's balance sheet and streamline its operations. The transaction is expected to conclude around March 2026, with no changes to the company's board.
Key Points
  • Careteq Limited entered into a binding sale agreement to divest EHS to Nationwide Investments Holdings.
  • The sale amount is $5 million, subject to customary purchase price adjustments.
  • The transaction requires shareholder approval, with an Extraordinary General Meeting proposed for 13 March 2026.
  • The divestment aims to allow Careteq to focus on its HMR Referrals platform and financial recalibration.
  • Completion of the sale is expected around 20 March 2026.
  • No changes to the Careteq board or management are anticipated post-transaction.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.