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Magic acquires 60% stake in Roshtov software

  • Magic software enterprises NASDAQ:MGIC acquired 60% equity interest in Roshtov software, a developer of the clicks development program for $21M in cash with an option to acquire 100% of equity later.
  • The Clicks platform is used in the design and management of patient-file oriented software solutions for managed care and large-scale healthcare providers.
  • The transaction is expected to close during the Q3 subject to anti-trust regulatory approvals and the fulfillment of certain conditions.
  • Shares +3.75%.

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