Jul 19 2010
Authentidate Holding Corp. (Nasdaq: ADAT), a worldwide provider of secure Health Information Exchange, workflow management services and telehealth solutions, today announced that it has completed the previously announced sale of certain non-core assets to Star Advisors, LLC (Star), acting on behalf of the principals of Astria Solutions Group, LLC (Astria), for approximately $2.4 million. The assets sold by the company include the company's land and building in Schenectady, NY, which was leased by Astria.
Ben Benjamin, President of Authentidate, stated, "We are pleased that we have completed the sale of these non-core assets and strengthened our balance sheet with net proceeds of approximately $2.35 million. This additional capital will be used for working capital and general corporate purposes, including supporting the rollout of our ExpressMD telehealth products and services."
Source:
Authentidate Holding Corp.