"Support Management Solutions to raise capital for new medical software product"

23 January 18



"Support Management Solutions to raise capital for new medical software product


Support Management Solutions to seek capital in 6-9 months to develop aged care product – CEO

Support Management Solutions, a private Brisbane-based Australian healthcare software company, will need to raise capital in six to nine months to develop an aged care software product, said Chief Executive Officer Andrew Wallace.

Support Management Solutions, which is a registered provider of National Disability Insurance Scheme (NDIS) services, has developed a technology product, First2Care, for claimants for Customer Directed Care (CDC) initiatives under the NDIS, and will be looking to customize this for the aged care sector, Wallace explained.

Brisbane-based Funding Strategies is the company’s corporate advisor but it is happy to start engaging now with investors or advisors with potential investors in mind, Wallace said. The company is yet to flesh out details for the raise, he added."

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