Ann: MDR Jun-17 Quarterly Report & 4C, page-15

100% agree there are competitors out there. HealthEngine have been quoted as having a $100M market cap.
http://www.copyright link/technolog...illion-from-sequoia-and-alium-20170331-gvbdrc

Not sure how this figure was calculated, perhaps it's the amount of money tipped in by Sequoia, Alium, Telstra etc. It's a huge number but I'm hesitant to believe their platform is worth that much. HealthEngine state they are looking internationally to grow market share. That suggests both HealthEngine and MedAdvisor see value in absorbing competitors and/or complimentary applications whilst also targeting organic growth with new revenue streams.

I'm sure HealthEngine are looking at MDR very closely.

I don't believe ChemistWarehouse are a true competitor to MedAdvisor. Have you seen their app? Clunky, buggy and UX leaves a lot to be desired.

MedAdvisor have recently released PlusOne with features that will rival HealthEngine - online booking system, hospital integration and e-commerce and delivery services.
https://www.medadvisor.com.au/pharmacyaccess/benefits

I have no doubt MedAdvisor Management are also looking to secure integration with MyHealth Record.