Alcidion's Kyra Acquisition Looks Compelling to Bull
Dow Jones
Jul 24
0102 GMT - Alcidion's recent acquisition of patient-flow business Kyra from Telstra looks good to its bull at Bell Potter following disclosure of the upfront cost. Medical-tech provider Alcidion paid 1.5 million Australian dollars in cash for Kyra after various adjustments, which Wakim says makes it a compelling tuck-in acquisition. He tells clients in a note that the price looks modest considering Kyra's underlying Ebitda of A$1.1 million. Bell Potter keeps a buy rating on the stock and trims its target price 6.3% to A$0.15. Shares are flat at A$0.092. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 21:02 ET (01:02 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.