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DataMetrex to Acquire Arbutus Health in Strategic Expansion
DataMetrex AI Limited has announced the signing of a non-binding Letter of Intent to acquire Arbutus Health and Wellness Inc. The deal, valued at up to $1.1 million, will be transacted through issuing common shares at $0.10 per share. Arbutus Health, based in Vancouver, offers integrated healthcare services including walk-in clinics and specialty treatments.
The acquisition aims to strengthen DataMetrex's healthcare sector presence and aligns with its long-term growth strategy. The completion of the transaction is subject to customary conditions, definitive agreements, and regulatory approvals, with updates to follow.
In other news, Richard Yoon has resigned from the Board of Directors. DataMetrex will announce a suitable replacement in due course. Paul Haber, CEO, expressed gratitude for Yoon's contributions during his tenure.
R. P.
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