Medivolve Closes Acquisition of Industry-Leading Electronic Health Platform as Next Step in Transforming Human Health Management Across the United States
Medivolve Inc. (OTC:COPRF) has completed the acquisition of a 100% interest in an Electronic Health Record application from Myosin. The acquisition aims to enhance Medivolve's transformation into a health technology and services company. The cloud-based platform is expected to improve patient care by streamlining clinical workflows and user interfaces. Medivolve will issue 20 million common shares as consideration for the acquisition. This strategic move allows for potential revenue growth and the expansion of services beyond COVID-19 testing.
- Acquisition of a cloud-based Electronic Health Record platform enhances service offerings.
- Expected to streamline clinical workflows and improve patient care.
- Enhances Medivolve's transition from a COVID-19 testing firm to a broader health technology company.
- Issuance of 20 million common shares may lead to shareholder dilution.
New platform supports Medivolve’s position as a growing health technology and services company
TORONTO, May 28, 2021 (GLOBE NEWSWIRE) -- Medivolve Inc. (“Medivolve”) (NEO:MEDV; OTC:COPRF; FRA:4NC) a healthcare company that seeks out disruptive technologies, ground-breaking innovations and exclusive partnerships to transform human health management, today announced that it has signed the definitive agreement and closed the transaction to acquire a
The electronic health record platform is designed to improve patient care and increase collaboration with clinicians through an efficient, cloud-based system. The app streamlines patient intake forms and delivers medical reports through personalized patient portals. Clinical staff members are empowered with a platform to consolidate provider and staff responsibilities to organize patient information before, during, and after interactions. The cloud-based infrastructure eliminates the need for software downloads and specialized hardware, making it easily deployable. Clinical workflows are streamlined in the company’s system to minimize the time required to submit orders, share results, and access reports.
“As previously noted, the implementation of this health platform is a major component of Medivolve’s evolution from a COVID-19 testing company to a health technology and services company that aims to disrupt the American healthcare system for the long-term,” said David Preiner, CEO, Medivolve. “With the platform now being utilized by our team, we are seeing a streamlining of our current testing services, allowing us to more rapidly grow our business in a more cost-effective manner. In addition, we are receiving positive feedback from customers, wherein they appreciate the improved user interface. Looking forward, we are starting to implement plans to extend this platform far beyond COVID-19 testing, as we expand on its benefits to provide personalized and effective health services to patients in a multitude of use-cases.”
About the Transaction
Medivolve has acquired a
About Medivolve Inc.
Medivolve Inc. (NEO:MEDV; OTC:COPRF; FRA:4NC) focuses on commercializing technologies to help combat the COVID-19 pandemic. This includes providing convenient and accessible medical services for testing, prevention and treatment. Medivolve is comprised of a team of renowned global medical and business advisors who are committed to helping fulfill Medivolve’s mission of searching for and investing in breakthrough sciences, technologies, research or resolutions to empower the betterment of mankind. This panel includes prominent Stanford neurologist and immunologist Dr. Lawrence Steinman as well as Dr. Glenn Copeland, one of North America’s most prominent orthopedic treatment and sports medicine specialists. Through its braintrust of industry specialists, thought leaders, influencers, and opinion makers, Medivolve has also developed a proprietary strategy to capitalize on high-margin opportunities across three areas: the prevention, detection, and treatment of COVID-19.
For investing inquiries, please contact:
info@medivolve.ca
For U.S. media inquiries, please contact:
Sophia Powe
sophia@therelentlesscollective.com
Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the acquisition of the health platform app; the benefits and opportunities related to the health platform app; the pursuit by Medivolve of opportunities; and the merits or potential returns of any such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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FAQ
What did Medivolve acquire from Myosin?
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