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Oneview Healthcare (ASX:ONE) is set to raise $21 million through a two-tranche placement and a security purchase plan to support its AI-powered virtual patient assistant, Ovie. The oversubscribed placement will raise about $19 million, with Tranche 1 targeting $12 million expected to settle on March 24.

Tranche 2 aims for $7 million through the issuance of new CDIs to major shareholder Manderrah, pending approval at a May general meeting. The funds will enhance AI software development and automation initiatives amidst pressures on health systems.