ICR InteliCare - Home Monitoring Systems

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    InteliCare (ICR.ASX) listing in May. Aged Care Technology. Defiantly one to watch. Raised $5.5m at 20c a share that was oversubscribed. With only 75m shares on issue, a very attractive valuation of $9.54m (Enterprise Value) and a significant pipeline of post listing news, InteliCare is perfectly positioned to capitalise on the current market and become a household name in the aged care sector. Building on the existing contracts they have with the W.A Government, should the company successfully secure further commercial contracts in the coming months as planned, it would be materially positive for the InteliCare’s share price. ICR Management team is proven in tech sector with a record of successful commercial tech start-ups and exits including; MD Jason Waller, former CEO Spookfish (ASX:SFI) $136m takeover; and Greg Leach co-founder Empired (ASX:EPD, +$140m Market Cap). InteliCare are already REVENUE GENERATING with over $500k of revenue booked just in the last quarter. ICR is also partnered with Microsoft through their Scale-Up program. The blue-sky potential of this alone is huge. With the Royal Commission into aged-care at the moment- government funding is flowing into the sector. In the last 6 months alone, the government has now pledged close to $1billion in funding to address the aged care crisis with the majority of these funds being allocated to government Home Care Packages of which the InteliCare product qualifies for. The med tech aged care thematic here has huge potential.

    Recent clip from Channel 9 news https://www.youtube.com/watch?v=QvXMUcSaYWQ

    Expecting a strong opening and then looking forward to seeing the company executing on their strategy now they are funded to do so.

 
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