Techs Loanstar announced a nonbinding letter of intent to acquire Q'uture, a clinical performance measurement company. West Palm Beach, Fla.-based Techs Loanstar, formerly a loan management service and software company for the equity and loan payday industry, adopted a business plan in February 2010 to operate an online social database, according to a news release announcing the Q'uture deal.
Techs Loanstar to acquire Q'uture
Q'uture's plans include developing a tool to measure clinical performance from multiple vendor databases, according to the release.
The deal is subject to the prospective partners' reaching of a definitive agreement, which is expected in the coming months, and approval from the companies' respective boards, stockholders and regulators, according to the announcement.
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