I don’t think the take over will be agreed to by the idx doctor shareholders now. They will see far more professional synergies with Imed and would have more confidence in a successful integration. Imed clearly see little value in the remainder of CAJ - if they did they would have bought the whole entity rather that just their best practice group in NSW prior to their attempt to sell the company. This would leave CAJ without a local suiter and few willing acquisition targets. CAJ desperately need good doctors via acquisition to raise value and private billing so if a takeover of iDX fails they will be in some trouble.
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