VANCOUVER, British Columbia, March 22, 2022 (GLOBE NEWSWIRE) -- UniDoc Health Corp. (CSE: UDOC) (FRA: L7T) (OTCQB: UDOCF) (“UniDoc,” or the “Company”), an innovator in the telehealth sector, is pleased to announce its entry into a Memorandum of Understanding (“MOU”) with Sirach Health and Wellness Inc. (“Sirach”) of Tucson, Arizona.
Sirach aims to be Arizona’s premier health and wellness center of choice for physicians, employees, and shareholders by providing essential, high-quality, patient-centered healthcare within the communities they serve. Sirach’s goal is to eliminate the traditional barriers and challenges to providing healthcare for those who do not have access, who do not have the means, and who lack the knowledge of securing healthcare.
The MOU sets forth terms and conditions to conduct tests of the UniDoc Virtual Care Solution kiosk system with the intent to formalize a definitive agreement within four weeks. It is proposed that the initial contract will consist of thirty (30) kiosks delivering the ability to support approximately 10,000 patients.
The program is proposed to initially rollout in Tucson with plans to expand statewide. Kiosk-based diagnostic support would initially be designed to serve the region’s veterans, homeless individuals, and low-income populations.
Sirach has indicated they have a plan in place to provide access to a network of dedicated physicians and medical personnel partially through the support of the government of the state of Arizona, the Department of Veteran’s Affairs, municipal agencies, and corporate donors.
The MOU, which was entered into on March 6, 2022, provides for an unlimited exclusive partnership subject to a final binding agreement to deploy the Virtual Care Solutions Model kiosks at independent locations throughout Arizona and wherever both parties agree to meet commercial terms. Proposed service fees and licensing revenue will be based on patient population modeling subject to a mutually binding 5-year commitment.
“Virtual care has come of age as the affordable and accessible alternative for providing front-line medical assessment for the underprivileged and underserved citizens of Arizona, America, and beyond. This is a great opportunity to utilize technology effectively and compassionately. We are thrilled to be working with the UniDoc team and can’t wait to get these kiosks into the community,” said Dr. Lynn P. Hall, COO of Sirach Health and Wellness Inc.
The “Virtual Care Solutions Model” is a proprietary customizable and comprehensive telehealth solution that integrates a range of physical products, web-based services, and analytical tools, along with access to the Company’s developing network of healthcare providers, pharmacies, and hospitals.
UniDoc CEO Antonio Baldassarre notes, “America is a rich country with a complex and costly health care system. When we were approached to help develop our solution to assist this community in need, we were truly amazed to see how well our vision was understood and embraced so quickly. The Sirach leadership have pinpointed a target patient group that may achieve life changing benefits from this proposed partnership. This joint business proposition deserves to expand to every corner of the nation and could serve as a platform for growth around the world. For our part, we look forward to doing all we can to make this project a great success on every level.”
On Behalf of the Board of Directors,
Sincerely,
~Antonio Baldassarre~
Antonio Baldassarre
CEO, President & Director
UniDoc Health Corp.
About UniDoc Health Corp. (CSE: UDOC) (FRA: L7T) (OTCQB: UDOCF)
UniDoc is developing a telehealth solution which is being designed as a self-contained remote virtual clinic within a private kiosk for patients to undergo full consultations as if they were present in a physician’s office. Telehealth opens the doors to a large segment of the population challenged by access, experience or understanding of online computer technology. It is the Company’s belief that physical accessibility is the key to its business proposition. UniDoc is dedicated to unlocking shareholder value by delivering an excellent product and sophisticated commercial network within an expedited timeframe. The UniDoc team encourages engagement, questions, and interest, so please stay in touch and invite anyone who might be interested in our story to visit our website at www.unidoctor.com and signup to receive the latest information with updates on our activities, events and progress. You are also invited to join us on social media with Facebook, Twitter or Instagram.
For further information, please contact
UniDoc Investor Relations
Tel: +1 778.383.6731
Email: info@unidoctor.com
Matt Chatterton, Director
Tel: +1 778.613.2082
Email: matt@unidoctor.com
Media Inquiries
media@unidoctor.com
Forward-Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the Company’s primary product offering and features thereof, the entry into and the terms of a definitive agreement with OnPharm upon satisfactory test results, the potential for the placement of the Company’s products in pharmacies across Ontario, the anticipated benefits of a partnership with OnPharm and the Company’s commercialization of the telehealth platform.
Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s final prospectus dated December 2, 2021 under the heading “Risks Factors.” Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
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