Accentia Technologies to raise funds up to the tune of $6 million

Accentia Technologies has received an approval for raising funds up to the tune of $6 million, subject to necessary approvals from concerned authorities. The board of director at its meeting held on September 23, 2013 has approved for the same.

The board also discussed the current business situation of the company and decided to keep a restructuring plan, which hinges around the company’s product offerings in Healthcare domain in the US market, in place in next one fortnight with the help of technologist and financial advisors.

Besides, the board has decided to phase out few of the low margin businesses impacted by the new US Healthcare Policy from its current portfolio.