G Medical Innovations Holdings Ltd - GMVD STOCK NEWS

G Medical Innovations Holdings Ltd. (Nasdaq: GMVD) has reported a significant patient enrollment growth of 194% in its home monitoring services from January to April 2023, driven by increasing demand for homecare monitoring solutions. The company has partnered with AdventHealth, which serves 5.7 million patients annually, and MiCare Path to enhance its digital health offerings. In addition, G Medical is preparing to launch 31 at-home laboratory testing kits for consumer use by Q3 2023, enabling users to collect samples from home for analysis within 48 hours. The company recently raised $9.6 million in equity capital, with CEO Dr. Yacov Geva personally investing $1 million, underscoring confidence in the company's growth trajectory.

G Medical Innovations Holdings Ltd. (Nasdaq: GMVD) has completed a public offering of 12 million ordinary shares at $0.80 each, raising approximately $9.6 million in gross proceeds. The offering includes a 45-day option for underwriters to purchase an additional 1.8 million shares. The funds will support general corporate purposes, repay April 2021 Financing Debentures, and explore potential mergers or acquisitions. ThinkEquity is the book-running manager for this offering. This transaction follows a registration statement effective on March 31, 2023, with details available on the SEC's website.

G Medical Innovations Holdings Ltd. (Nasdaq: GMVD) has priced an underwritten public offering of 12 million ordinary shares at $0.80 per share, aiming to raise approximately $9.6 million before expenses. The offering includes a 45-day option for underwriters to purchase an additional 1.8 million shares. Proceeds will fund corporate purposes, repayment of April 2021 Financing Debentures, and potential mergers or acquisitions. The offering, which closes on April 4, 2023, follows an effective registration statement with the SEC. ThinkEquity serves as the sole book-running manager for this offering.

G Medical Innovations Holdings Ltd. (Nasdaq: GMVD) has partnered with AdventHealth Central Florida to enhance remote patient monitoring capabilities. Through this collaboration, G Medical will supply its Prizma device for real-time monitoring of cardiovascular symptoms, enabling patient care from home. This service aims to improve access to timely care for over 5.7 million annual patient visits in the region. AdventHealth emphasizes its commitment to personalized health, while G Medical acknowledges the alignment in providing holistic care. The partnership reflects significant advancements in mobile health technology and aims to drive better health outcomes for patients.

G Medical Innovations Holdings Ltd. (Nasdaq: GMVD) has announced a partnership with MiCare Path to enhance remote patient monitoring services. This collaboration aims to integrate G Medical's hardware with MiCare's software, enabling improved patient engagement and care through technology. The agreement, effective until December 31, 2024, may renew annually. CEO Dr. Yacov Geva highlighted the partnership's potential to transform healthcare delivery, while MiCare's CEO emphasized the benefits for physicians and patients. G Medical is expanding its product offerings, including 31 at-home laboratory testing kits, which will be available for purchase in Q3 2023.

G Medical Innovations Holdings Ltd. (Nasdaq: GMVD) announced on February 16, 2023, that it is facing potential delisting from Nasdaq due to non-compliance with stockholders’ equity requirements. The company intends to request a hearing to stay any delisting actions. Additionally, G Medical was cited for material misrepresentations during its shareholder meeting held on February 16, 2023. Despite these challenges, the company continues to focus on its mHealth and telemedicine solutions, including the development of at-home laboratory testing kits.