HONG KONG, Mar 18, 2019 - (ACN Newswire) - IntelliCentrics Global Holding Ltd. ("IntelliCentrics"), a company operating a credentialing platform for compliance and security purposes in the healthcare industry, today announced its proposed listing on the Main Board of the Stock Exchange of Hong Kong Limited ("SEHK").
IntelliCentrics currently offers two main services on its technology platform: vendor credentialing and medical credentialing. It is a leading platform in the vendor credentialing market in the United States in terms of both the number of paying subscribers and vendor credentialing revenue in 2017, according to CIC . In March 2018, IntelliCentrics launched the medical credentialing solution and has been growing the locations of care ("LoCs") base and paying subscriber base of that solution ever since.
In the highly regulated healthcare industry, LoCs are required to ensure that healthcare professionals (including vendor representatives and medical staff) providing services in their facilities are properly qualified. Compliance is mandatory, not discretionary. IntelliCentrics' platform, powered by its cloud-optimized technology infrastructure, integrates all solutions along with add-on services from third parties onto one platform. This allows LoCs to adopt the system easily, enjoying benefits immediately without onsite support.
IntelliCentrics' technology platform, SEC3URE, verifies and houses professionals' credentials in a digital SEC3URE Passport. Healthcare professionals benefit from portability of the SEC3URE Passport, allowing them to instantly to be validated if their credentials have met the requirements of each of the over 10,000 LoC's on the SEC3URE platform. LoCs can validate healthcare professionals' credentials online in real time and ensure each professional meets compliance standards, all from a single, verified and trusted source - the SEC3URE platform.
For the last 10 years, IntelliCentrics has been creating solutions to eliminate virtually all paperwork associated with how healthcare professionals validate their credentials, skills and abilities, which is essential to a healthier and safer healthcare service delivery environment. As the old paper-based system is transformed into a technology solution, operational costs go down and relevant healthcare professionals save time.
Led by a visionary team of senior managers and advisors with extensive expertise in healthcare, software and information technology, IntelliCentrics has built a community connecting 120,000 paying subscribers of healthcare professionals with over 10,000 registered LoCs worldwide.
CLSA Capital Markets Limited is the Sole Sponsor. CLSA Limited and AMTD Global Markets Limited are the Joint Global Coordinators, while CLSA Limited, AMTD Global Markets Limited and Yuanta Securities (Hong Kong) Company Limited are the Joint Bookrunners and Joint Lead Managers of the proposed listing.
The Group intends to offer a total of 80,900,000 shares (subject to the Over-Allotment Option), of which 72,810,000 shares are for International Offering (subject to reallocation and the Over-Allotment Option) and the remaining 8,090,000 shares are for the Hong Kong Public Offering (subject to reallocation). Assuming the Over-Allotment Option is not exercised and the offer price is HK$6.26 per share (being the mid-point of the indicative offer price range between HK$5.32 and HK$7.19), net proceeds from the Global Offering are expected to be approximately HK$433.9 million.
The Hong Kong Public Offering will commence on 18 March 2019 (Today), and end at 12:00 noon on 21 March 2019 (Thursday). The final offer price and the allocation results are expected to be announced on or before 26 March 2019 (Tuesday). Trading of the shares of IntelliCentrics is expected to commence on SEHK on 27 March 2019 (Wednesday) under the stock code 6819. The shares will be traded in board lots each of 500 shares.
With a vision to be the world's trusted solution for trust, IntelliCentrics is a leading platform in the vendor credentialing market in the United States, and in 2018 entered the medical credentialing market. Paying subscribers submit their data and information to our technology platform where it is processed and verified so it can be trusted. Information is stored and updated on the paying subscriber's SEC3URE Passport allowing locations of care to determine whether the paying subscribers are compliant with the highly regulated healthcare industry standards, where compliance is mandatory not discretionary. More than 10,000 locations of care worldwide rely on the service, and our community of paying subscribers is more than 120,000 strong. To learn more, visit IntelliCentrics-Global.com.
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