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Medivolve Cancels Agreement to Acquire Karland Health
Monday 22 February 2021

Canadian physician practice management software provider Medivolve Inc. (NEO: MEDV) (OTC: COPRF) (FRA: 4NC) has cancelled its agreement to acquire 100% of US-based telehealth provider Karland Health, LLC, the company said.

Terms of the transaction were not disclosed.

As noted in the initial press release dated February 11th, 2021, the completion of the transaction to acquire Karland Health was subject to customary closing conditions, including due diligence to the satisfaction of Medivolve.

After completing further due diligence, management determined that the acquisition of Karland Health would not be sufficiently accretive for the company.

Medivolve Inc. (NEO: MEDV) (OTC: COPRF) (FRA: 4NC) seeks out disruptive technologies and exclusive partnerships to help combat COVID-19 and generate risk-adjusted returns for investors.

Specifically, Medivolve offers investors a diversified investment in the COVID-19 medical space across three areas; prevention, detection, and treatment.
Date Published: 22/02/2021