Business
Optimus HealthCare Services Completes Acquisition of AdhereRx, d/b/a PainScript
Optimus HealthCare Services Completes Acquisition of AdhereRx, d/b/a PainScript.
About this update from Optimus Healthcare Services, Inc.
[{"type":"text","content":"Retains PainScript CEO Dan Cohen/Names HOPS PresidentNEW YORK, NY / ACCESSWIRE / March 25, 2021 / Optimus Healthcare Services, Inc. ("Optimus") (OTC PINK:HOPS), announced today that it has completed the acquisition of AdhereRx, d/b/a PainScript, a SaaS-based, Telehealth/Chronic Care Compliance platform company ("PainScript") in a transaction valued at approximately $4,500,000 as of the market close on March 24, 2021. The transaction closed on March 24, 2021.In addition to the acquisition of PainScript, Kenneth Orr, Executive Chair of Optimus, announced that long-time healthcare industry executive Dan Cohen will continue as the PainScript CEO and that Mr. Cohen will assume further responsibilities as the President of Optimus."The agreement we reached today to acquire PainScript is another milestone in the Optimus strategy to bring best-in-class health technologies in-house as portfolio companies," said Kenneth Orr, Executive Chair of Optimus. "We believe the PainScript platform to provide a more effective chronic care compliance treatment for Substance Use Disorder (SUD) patients has the potential to be transformational.""In addition, the PainScript telehealth platform and its ability to adapt its platform to other chronic care patients needs in areas such as pain management, bariatrics and similar disease treatments is a unique approach that will lead to better patient care and better health outcomes," added Mr. Orr. "PainScript will be the first company to join our newly formed telehealth and medication compliance division, to be known as Telehealth Adherence and Compliance Technologies or TACT.""Today's acquisition represents a validation of the vision of our founder, Dr. Bruce Kehr, to use technology as a foundation to improve a chronic care patient's treatment and offer the hope of a better health outcome. The financial backing of Optimus will allow us to more quickly bring our SaaS telehealth product to physicians and the patients they treat," said Dan Cohen, PainScript CEO and Optimus President. "In addition, the vision of Kenny Orr to bring health-related businesses together under one roof is a model that, I believe, will lead to better healthcare and better value for the consumer. I look forward to leading the Optimus effort with Kenny and...