25 January 2022, we are thrilled to announce that Visionflex has entered into an agreement to merge with the ASX-listed digital health company, 1st Group Limited (ASX: 1ST).
The proposed merger will bring together two of Australia’s leading digital healthcare innovators to provide a comprehensive, integrated telehealth system for clinicians, comprising Visionflex’s suite of diagnostic telehealth software and hardware solutions, with 1st Group’s highly successful MyHealth1st online booking platform.
“With our shared passion for digital health, we are very excited to announce our intention to merge with 1st Group,” said Visionflex CEO and co-founder, Mr Mike Harman.
“Our technologies complement each other and combined, they create a unique and compelling end-to-end telehealth service that assists health practitioners to connect easily with remote patients and deliver important clinical health services.
“Our teams have a wealth of experience in the digital health sphere, and with this planned merger, we are poised to take advantage of the continued global growth in telehealth and expand our innovative product range, our substantial customer base, and our distribution footprint.”
The proposed merger will bring operational, financial, and strategic benefits to both businesses including product synergies, product expansion, growing revenue, and a strengthened leadership team. Together, the new entity will be exploring opportunities beyond healthcare consultations to include private practice, hospitals, aged care, home care, regional and other forms of remote care operations.
Established in 2014, Visionflex designs, manufactures, and distributes a range of innovative clinical telehealth devices and software to facilitate remote clinical examinations, so that patients receive the best possible care.
Visionflex solutions are used by clients across the country and around the globe. Local clients include NSW Health, Queensland Health, WA Health, SA Health, Telstra Health, Royal Flying Doctor Service, Aboriginal Community Controlled Health Organisations, ExxonMobil, and more.
About 1st Group Limited (ASX: 1ST)
1st Group is an ASX listed digital health group building Australia’s leading health services marketplace, MyHealth1st.com.au; Australia’s online pet service marketplace, PetYeti.com.au; and corporate and government solutions platform, GoBookings.com. These integrated platforms provide an easy-to-use online search and appointment booking service and offer a range of value-added apps and services that facilitate digital patient and customer engagement.
MyHealth1st is an easy-to-use online booking platform that enables patients to find, book and manage healthcare appointments. The system has smart recall and reminders technology, an automatic booking function and eReferral capabilities, and is integrated with leading practice management systems in addition to having its own online diary.