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Doctor Care Anywhere debuts on ASX

Gilbert + Tobin has advised Doctor Care Anywhere Group PLC on its ASX debut and IPO.

user iconEmma Musgrave 22 December 2020 Big Law
Doctor Care Anywhere debuts on ASX
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Firm: Gilbert + Tobin (Doctor Care Anywhere Group PLC).

Deal: Doctor Care Anywhere Group PLC (Doctor Care Anywhere) has been advised on the ASX listing and IPO.

Value: Doctor Care Anywhere opened the offer for a $102 million raising on 16 November and listed on 4 December with an offer price of $0.80. The company had a market capitalisation of $254.8 million on listing, a statement from G + T confirmed.

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Area: Equity capital markets.

Key players: The G + T team was led by corporate advisory partner Adam Laura and senior lawyer Mary Brady, with support from consultant Maarten De Schepper and lawyers Marisa Orr, Jessica Liang and Angus Wood.

Deal significance: Doctor Care Anywhere was created in 2013 and is best described as being a doctor-founded, UK-based telehealth company.

Through its technology platform, Doctor Care Anywhere offers virtual GP consultations and diagnostic referrals and specialist reviews.

“It was a pleasure to work with the team at Doctor Care Anywhere on its successful ASX listing,” said lead partner Adam Laura.

“It is encouraging that Australia is seen as such a buoyant and stable market for foreign companies to raise capital, during a time of global uncertainty.

“We are also honoured to help Doctor Care Anywhere on its mission — providing quality telehealth services across the UK and more broadly as the company continues to grow.”

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