InteliCare (ASX:ICR) has had a successful first day of trading, with stocks sitting more than 50 per cent above their issue price, closing at 31.5 cents each.

Leederville-based, InteliCare, was in a fortunate position to be able to support aged Australians that were most at risk during the Coronavirus pandemic. The AI-powered aged care technology uses smart sensors placed around the home to develop an understanding of a natural pattern of behaviour and alerts families to deviations that could mean the person is at risk. InteliCare’s technology gave carers and families a way to still maintain a level of care while maintaining social distancing restrictions.

In the future, InteliCare believes the health technology will reduce the need for government-funded aged care services and allow seniors to stay at home for longer.

Read Business News full interview with Jason Waller and their article on InteliCare.