When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
RYMTF - RBC Ventures Acquires Dr. Bill For Physician Billing Tech
Royal Bank Of Canada - FXDFR PRF PERPETUAL CAD 25 - NVCC Ser BM
Quick Take
RBC Ventures, a unit of Royal Bank of Canada (RY) has announced the acquisition of Dr. Bill for an undisclosed amount.
Dr. Bill has developed a mobile medical billing software system for doctors located in Canada.
With the deal, RY acquires a convenient way to support healthcare professionals in its RBC Healthcare unit.
The stock appears fully valued at its current level, especially given downward pressure on interest rates amid a slowing economy and continued margin compression, so my bias is NEUTRAL.