Medworxx Solutions Inc., (TSX-V: MWX), the makers of a strategic software platform that hospitals use to communicate, aggregate, and analyze knowledge, announced that it is no longer planning to acquire HealthCast Inc. of Boise, Idaho.
Instead, Medworxx is pursuing a strategic alliance with HealthCast, a leading provider of enterprise access management and single sign-on solutions for hospitals.
As a result, Medworxx also announced that it will not be completing the $4.2 Million Private Placement that was announced in July.
Medworxx had engaged Loewen, Ondaatje, McCutcheon Limited to lead a brokered private placement to raise, on a best efforts agency basis, up to $4.2 million through the issuance of Units. -- www.cnxmarketlink.com
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