Business
Kovo HealthTech Surpasses 3.5M Patients Milestone
Company now processing over $80M USD in claims for healthcare providers Vancouver, British...
About this update from Kovo+ Holdings Inc
[{"type":"text","content":"Kovo HealthTech Surpasses 3.5M Patients MilestoneCompany now processing over $80M USD in claims for healthcare providersVancouver, British Columbia--(Newsfile Corp. - November 25, 2021) - Kovo HealthTech Corporation (TSXV: KOVO) (the \"Company\" \"Kovo\") — a leader in healthcare Billing-as-a-Service — confirmed that it is now helping its customers service more than 3.5 million patients; representing 145% growth since June 2021.\"Thanks to our strong organic growth and strategic acquisitions, Kovo now services more than 1,700 Billing-as-Service healthcare providers. That scale helps us optimize technology-based efficiencies for all our clients and it means they can focus on providing quality care for patients,\" explains Kovo CEO Greg Noble, a healthcare billing technology leader and innovator. Noble says the rapid growth from 2.4 million patients in June 2021, when the Company listed on the TSXV, to 3.5 million patients by mid-November 2021 is largely due to the completion of two successful, accretive acquisitions announced in July and November 2021 combined with year-over-year organic growth of over 94% achieved in the quarter ending September 30, 2021.According to Noble, the Company's key leadership team, directors and partners are directly aligned with the success of shareholders — and collectively, own approximately 63% of the Company. Company Grants Growth-Related RSUs As part of its Stock Incentive plan — which is outlined in the Company Prospectus available on www.sedar.com — and subject to acceptance by the TSX Venture Exchange, the Company granted a total of 836,552 RSUs to its Independent Directors, leadership team and staff based on the market price at closing on November 23, 2021. Kovo On-Boards IR Advisor To help fuel its ongoing growth, Kovo recently retained Gilcrest Advisory Inc. (\"Gilcrest\") to provide Investor Relations services to the Company. Gilcrest has been engaged to help expand the interest and awareness of existing and potential investors and the brokerage and financial community.Gilcrest has been engaged by the Company for an initial period of six months, starting on November 22, 2021 (the \"Initial Term\"). Thereafter, the engagement will be extended for successive one-month terms, unless terminated by the Company. Gilcrest will be paid a monthly fee of ...