Trellus Health
Singer Capital Markets is delighted to have acted as Nominated Adviser and Sole Bookrunner to Trellus Health (TRLS.LN) on its AIM IPO raising £28.5 million in May 2021; with a market capitalisation of £64.6 million on admission.
£64.6 million AIM IPO raising £28.5 million on admission
Singer Capital Markets acted as Nominated Adviser and Sole Bookrunner to Trellus Health on their AIM IPO raising £28.5 million in May 2021. The net proceeds were used for a range of commercialisation purposes, research collaborations and geographic expansion plans.
About Trellus Health plc
Trellus Health is commercialising the provision of digital chronic condition management solutions for health plans and employers that utilise the scientifically validated Gaining Resilience Through Transitions (GRITT™) methodology and a proprietary HIPAA compliant technology platform called TrellusElevate™, to coordinate and deliver personalised care remotely via telemedicine. The GRITT™ methodology and resilience-driven multidisciplinary care model have been scientifically validated to demonstrate meaningful improvements in patient outcomes and over 85% reduction in emergency department visits and hospitalisations. The Company is initially focused on Inflammatory Bowel Diseases (“IBD”), which include the chronic incurable conditions of Crohn’s Disease and ulcerative colitis, but also considers its approach to have potential utility and demand across many chronic conditions.
Raised on admission in an oversubscribed Placing, Subscription and Retail Offer
Singer Capital Markets continues to act as the Company’s Nominated Adviser & Broker
Market cap upon admission