Healthcare services provider Medic Vision (ASX:MVH) has acquired digital marketing company cBox in an all-stock deal worth up to $2.1 million.
As payment, the company has issued 45.6 million Medic Vision shares at $0.045 per share in the form of a convertible note, with up to 18 million additional shares to be issued if the notes are converted into shares.
Current cBox CEO Jason Edwards will be replaced by Medic Vision Vince Leone, but will take a seat on the Medic Vision board and head the cBox sales and marketing team.
The company offers digital marketing services via fax, email, mobile phone, SMS and interactive voice recognition.
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