HIGHLIGHTS
- Hills Limited (ASX:HIL, “Hills”) announces a proposed merger of its Hills Health Solutions (“HHS”) business with Lincor, Inc (“Lincor Solutions”) to form Lincor Limited, a newly incorporated company which will be demerged from Hills on completion of the transaction and listed on the ASX
- Lincor Limited will be a leading global provider of patient engagement technology solutions with strong recurring revenues and a growing Software as a Service (SaaS) platform
- Hills and Lincor Solutions’ shareholders will each hold approximately half of Lincor Limited’s shares prior to new capital being raised to provide financial flexibility, repay debt, pay transaction costs and accelerate global growth
- Lincor Limited will be debt-free on listing
- Hills Limited’s shareholding in Lincor will be demerged to Hills’ shareholders on a pro rata basis as part of the transaction.
Hills today announced that it has entered into a conditional merger agreement to combine its HHS business with international healthcare technology leader Lincor Solutions, to create a new ASX listed company, Lincor Limited.
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