MedAdvisor Limited (ASX:MDR) entered a binding agreement to acquire GuildLink Pty Ltd from Guild Group Holdings Limited for AUD 8 million on July 25, 2022. MedAdvisor will issue 57,118,490 fully paid ordinary shares to Guild Group Holdings as consideration. 50% of the consideration shares are to be held in escrow for 12 months and the remaining 50% for 24 months (subject to customary exceptions). Guild Group will become MedAdvisor's largest shareholder. GuildLink reported AUD 7.5 million revenues for FY 2022. MedAdvisor has agreed to appoint Guild Group Holdings' nominee as a director of MedAdvisor with effect from completion of the transaction. The initial nominee will be Anthony Tassone. The transaction is not subject to any conditions precedent. Completion of the acquisition is expected to occur on July 27, 2022.

MedAdvisor Limited (ASX:MDR) completed the acquisition of GuildLink Pty Ltd from Guild Group Holdings Limited on July 27, 2022.