Stephen, who is also part owner of Lifestyle SA’s 11 retirement villages in South Australia, said of his strategic investment: "The Aged Care Sector is at a critical juncture and the only path to drive better outcomes for the end client is via technology”.
“Operators will need help and having searched far and wide in the sector, it was clear to me that the Talius platform is market leading. The push to keeping people at home longer, is now a firm reality and has the full backing of government and is soon to have significant on-going government investment. I look forward to bringing all my experience and network to assist Talius in its growth.
“My previous experience with Visual Care, an end-to-end Care Management System designed for NDIS and aged care, also gave me valuable insight into scaling a technology platform and looking at not just domestic but also international opportunities.”
The $2.5 million placement of new fully paid ordinary shares in Talius to Stephen Norris Technologies Pty Ltd was at $0.009 per share.
"Proceeds from the placement, combined with Talius’ existing cash holdings, will support the expansion of the Talius platform and facilitate further scale into the Home Care vertical,” Talius said in a statement to the ASX.
“Proceeds will also strengthen general capital management as the company progresses towards its goal of profitability in 2025.”
Talius Managing Director Graham Russell said, “having an experienced and high calibre operator like Stephen Norris and team approach Talius and want to strategically invest and provide multiple accretive commercial pathways for Talius is an incredible endorsement”.
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