Leveljump Healthcare (TSXV: JUMP) is looking to expand its current portfolio. The company last night announced a minority investment in a firm focused on providing a nationwide radiology collaboration service across Canada.

Leveljump has taken a 14.6% stake in Real Time Medical Inc, which it has acquired via the issuance of common shares. A total of 2.5 million units were issued in exchange for the investment at a price of $0.22 per unit, valuing the stake at roughly $549,000.

Real Time Medical is said to be focused providing a radiology collaboration service across Canada, providing workload balancing, workflow orchestration, and diagnostics operations software to its clients. The network has been in place since 2008, and was originally founded by three radiologists. The firm claims to conduct business with over 50 hospitals across Canada.

“We are very excited about this investment and believe that with Real Time’s teleradiology operations and servicing in multiple provinces across Canada, that there is a natural complement to our core CTS operations,” commented Mitch Geisler, CEO of Leveljump, on the investment.

The 14.6% stake in the company was acquired via a tender, where the company looked to take up to a 19.9% stake in the private operator via the purchase of shares from outstanding holders. Units issued are said to include one common share and one common share purchase warrant, with each warrant valid until December 31, 2023. Warrants have an exercise price of $0.35 per share.

Leveljump Healthcare last traded at $0.165 on the TSX Venture.

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