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Comprehensive Healthcare Systems Signs a Binding Letter of Intent to Acquire India-Based Tele-Health Platform MISOHE
Comprehensive Healthcare Systems Signs a Binding Letter of Intent to Acquire India-Based ...
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"\n \n \n \n Comprehensive Healthcare Systems Signs a Binding Letter of Intent to Acquire India-Based Tele-Health Platform MISOHE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Jan. 13, 2022\n \n /CNW/ - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (\"\n \n CHS\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has signed a binding letter of intent dated\n \n January 10, 2022\n \n (\"\n \n LOI\n \n \") to acquire all assets and intellectual property related to an\n \n India\n \n -based telehealth platform MISOHE (\n \n Mi\n \n nd\n \n So\n \n ul\n \n He\n \n al) from True Base Private Ltd., a company registered under the Indian Companies Act, 2013 (the \"\n \n Acquisition\n \n \").\n \n \n MISOHE, a user experience-driven mental health and wellness app platform, was built using insights from data and science-driven intelligence. Its on-demand teleconsultations and self-care-based platform for mental health solutions makes use of therapists and psychiatrists who collaborate to provide personalised face-to-face attention to users through their iOS and Android mobile applications and the website.\n \n \n Over 1 billion people worldwide suffer from a mental health issue, and the estimated loss of productivity due to two of the most common, anxiety and depression, is about\n \n US$ 1 trillion\n \n each year (Lancet study 2020). In light of the ongoing global COVID-19 pandemic, mental health issues have been exacerbated worldwide, triggering a seismic shift towards adoption of critically needed digitally accessible health services.\n \n \n This new proposed business vertical in CHS will focus beyond the present mediums to 'providing the full spectrum of virtual support' – from self-care, behavioural coaching, to video-based therapy.\n \n India's\n \n health-tech segment is expected to grow at a CAGR (compound annual growth rate) of 39% with the potential to grow to\n \n $50 billion\n \n over the next 10-12 years (Source: Report by RBSA Advisors,\n \n Mumbai, India\n \n )\n \n \...