viewHomeStay Care Ltd

HomeStay Care appoints Philippa Lewis interim CEO

The healthcare technology company allows elderly people to live at home longer.

old lady
Shares are trading at a 50% premium to their November 2018 listing price of 2 cents

HomeStay Care Ltd (ASX:HSC) has appointed Philippa Lewis as its interim CEO after listing on the ASX in November 2018 through a reverse takeover.

It was founded in 2016 with a vision to create a technological solution to enable elderly individuals to live independently.

Last year, $4 million was raised through the issue of 200 million shares priced at 2 cents each to facilitate the reverse takeover and listing of HomeStay.

With shares trading at 3 cents, the company is still trading at a solid premium to its artificial listing price of 2 cents.

Global health and aged care industry experience

Philippa Lewis has founded and managed multiple private and publicly listed start-up enterprises.

She has extensive experience in product development and commercialising medical devices, disruptive digital technologies as well as artificial intelligence.

Lewis has over 25 years of health, aged care and medtech sector experience and is currently an advisor and nonexecutive director to a number of aged care and disability organisations in the medtech and biotech space.

These include VisualAI Pty Ltd, an artificial Intelligence medical device company as well as CareVision Pty Ltd, a software company in the aged, disability homecare sector.

Lewis to spearhead growth initiatives

HomeStay’s chairman Wayne Cahill said: “HomeStay is excited to appoint Philippa as she brings a wealth of industry and strategic experience at a key time in the company’s growth.

“Philippa is well-connected and has unique skills to aid our strategy implementation.

“HomeStay has technology solutions well suited to Australians wishing to stay in their homes and the importance of this is reflected in the Terms of Reference of the current Royal Commission into Aged Care.”

Helping older Australians to say at home for as long as possible

Lewis added: “I am delighted to be joining this exciting and innovative company. The industry is vibrant and growing and the HomeStay applications are vast and relevant.

“Helping older Australians to say at home for as long as possible and being independent and safe is an extremely important philosophy.

“The HomeStay solutions will ensure this is possible for many more people.”

Quick facts: HomeStay Care Ltd

Price: 0.008 AUD

Market: ASX
Market Cap: $13.4 m

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