Oneview Healthcare (ASX:ONE) is seeking to raise AU$20 million via a placement of 69 million CHESS depositary interests at AU$0.29 apiece.

The healthcare technology company is also raising up to AU$2 million via a security purchase plan at the same price as the placement, according to a Wednesday filing with the Australian bourse.

Proceeds will be used to support the ongoing deployment of directly contracted beds and sales execution ramp-up under the expanded Baxter partnership.

Bell Potter Securities acted as lead manager and bookrunner to the placement and purchase plan.

Shares of Oneview Healthcare fell 7% in recent trade.