Ann: MDR Mar-17 Quarterly Report and 4C, page-10

The article below was in yesterday's The Australian.

The gist is the Chinese are looking to invest in / takeover established but small healthcare assets with a particular focus on technologies that link health care professionals, health care centres and doctors.

http://www.copyright link/technolog...illion-from-sequoia-and-alium-20170331-gvbdrc

HealthEngine has now raised close to $50 million to date. The company would not reveal its valuation, but it is likely to be well north of $100 million.

The Australian (page 15) says there is ongoing speculation about the future of Telstra Ventures-backed HealthEngine after it finalised its $27m capital raising at the start of April. The business, which has one million customers and 15,000 listed with the smartphone app, has attracted some big name investors and says it would contemplate a listing at some time in its future.

What's claimed above is HealthEngine might be worth $100M+ with only 15,000 users connected with the smartphone app. They are also looking at listing in the future.

MDR has over 700,00 users of it's smartphone app and only valued at $40M.

Food for thought......