Pharmacy wholesaler and medical consumables giant EBOS Group has invested $9.5 million in medications management platform MedAdvisor, with the ASX-listed firm also signing a preferred provider agreement with EBOS asset TerryWhite Chemmart to provide a customised app.
EBOS Group, which also owns the Symbion and Pharmacy Warehouse brands and the Minfos dispensing system, is now a significant shareholder in MedAdvisor with a holding of just over 14 per cent.
MedAdvisor plans to use the investment to boost its ventures into the hospital and GP sectors, open new markets in the UK, US and New Zealand and to expand its offering to the pharmacy sector.
