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PatientSky Group AS Strengthens Portfolio with Strategic Acquisitions

Story Highlights
  • PatientSky Group AS is acquiring 50% of Cloudya AS, boosting ARR by NOK 23 million.
  • The company is optimizing costs and managing cash flow despite positive operational cash flow YTD.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PatientSky Group AS Strengthens Portfolio with Strategic Acquisitions

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An announcement from PatientSky Group AS ( (DE:P990) ) is now available.

PatientSky Group AS is in the final phase of acquiring 50% of Cloudya AS, an AWS reseller, which will add NOK 23 million in annual recurring revenue (ARR) to their portfolio. The company has been active with strategic transactions, including the acquisition of Kuba Norge and a share issue to fund acquisitions, reflecting confidence from stakeholders. Despite a positive operational cash flow year-to-date, the company is managing cash burn and optimizing costs to enhance financial stability.

More about PatientSky Group AS

Average Trading Volume: 27,460

Current Market Cap: NOK34.54M

For an in-depth examination of P990 stock, go to TipRanks’ Overview page.

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