Business
Cosmos Health Inc. Enters U.S. Telehealth Space with Successful Acquisition of ZipDoctor, Inc.
CHICAGO, IL / ACCESSWIRE / April 3, 2023 / Cosmos Health Inc. ("Cosmos Health" or "the Company") (Nasdaq:COSM), a global healthcare group with proprietary
About this update from Cosmos Health Inc.
[{"type":"text","content":"CHICAGO, IL / ACCESSWIRE / April 3, 2023 / Cosmos Health Inc. (\"Cosmos Health\" or \"the Company\") (Nasdaq:COSM), a global healthcare group with proprietary lines of nutraceuticals and distributor of pharmaceuticals, branded generics, OTC medications and medical devices, announced today that it has successfully completed the acquisition of ZipDoctor, Inc. (\"ZipDoctor\") from American International Holdings Corp (AMIH). The financial terms of the acquisition were not disclosed.ZipDoctor is a direct-to-consumer subscription-based telemedicine platform, that expects to provide its customers affordable, unlimited, 24/7 access to board certified physicians and licensed mental and behavioural health counsellors and therapists. ZipDoctor's online telemedicine platform will be available to customers across the United States and shall offer English and Spanish coverage with virtual visits taking place either via the phone or through a secured video chat platform. ZipDoctor customers will be able to subscribe through their website at www.ZipDoctor.com and are only required to pay a monthly fee, which is determined based on whether they are an individual, a couple, or a family.Greg Siokas, Chief Executive Officer of Cosmos Health stated: \"We are delighted to announce the successful completion of our acquisition of ZipDoctor. The telehealth industry is poised for significant growth, and we are confident that with the right investment and support from Cosmos Health, ZipDoctor can emerge as a major player in this field. Our immediate focus will be to expand ZipDoctor's presence in the United States by leveraging its existing platform and forging new partnerships. Additionally, we will consider the possibility of broadening ZipDoctor's current primary care and mental health services by offering consultations related to men's and women's health, weight loss, and other similar treatments, while also exploring opportunities to promote our own products through the platform. Moreover, we are open to exploring additional tech investments, innovations, and acquisitions to broaden our portfolio of brands, and will also consider opportunities for international expansion when appropriate. We would also like to thank Jacob Cohen, Director of AMIH, for his cooperation in the successful completion of this transaction.\"According to Nova One Advisor, th...