Datametrex Announces Binding Letter Of Intent To Acquire Concierge Medical Telehealth Platform

Datametrex AI (TSXV: DM) this morning has announced that it has entered into a binding letter of intent for the acquisition of Concierge Medical Consultant. Concierge is described as being a private telehealth and medical concierge services company, which is in line with yesterdays announcement of a concierge COVID-19 testing program that company implemented for travelers.

Datametrex AI's Logo

Concierge was founded in 2018 as a telehealth and urgent medical care platform, with the principal thesis being that urgent care does not just happen in the doctors office or an emergency room. The firm is reportedly currently generating revenue through a subscription model that is offered directly to consumers in both the home and workplace setting.

Given the current pandemic environment, Datametrex has identified that there is a high probability in regards to an increase of mental health issues in society as a result of prolonged isolation and lack of social interaction. Thus, there is a need for telehealth and personal health solutions such as concierge medical solutions. Further, its experience in working with artificial intelligence will be utilized to enhance the platform while the firm will working to push it into other jurisdictions.

“We strongly believe that there is a growing need for remote health and wellness solutions as a result of the pandemic. The lockdowns and the isolation that Canadians have endured this past year have only increased the need for mental and physical health solutions.”

Andrew Ryu, Chairman of Datametrex

The proposed transaction is to consist of an all share purchase of Concierge Medical, at a purchase price of $750,000. Shares issued under the transaction are to be based on the closing price of the equity three days prior to the closing of the transaction. Closing of the arrangement is subject to the execution of a definitive agreement, the approval of directors of Datametrex, and the approval of the shareholders of Concierge.

Datametrex AI last traded at $0.19 on the TSX Venture.


FULL DISCLOSURE: DataMetrex AI Limited is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover DataMetrex AI Limited on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Datametrex Receives $1.6 Million COVID-19 Test Kit Order From Canadian Miner

The purchase orders keep rolling for Datametrex AI (TSXV: DM). The company announced its largest...

Thursday, September 3, 2020, 11:05:49 AM

Datametrex AI Enters LOI To Acquire Predictive AI Imaging Firm

Datametrex AI (TSXV: DM) is bolstering its artificial intelligence division. The company this morning announced...

Wednesday, March 10, 2021, 08:40:36 AM

TMAC Resources Purchases 2,000 COVID-19 Test Kits From Datametrex AI

TMAC Resources (TSX: TMR) is evidently taking COVID-19 precautions seriously for its Nunavut, Canada operations....

Monday, July 27, 2020, 11:47:17 AM

Datametrex AI Bags Two More Contracts Within Canadian Film Industry

Datametrex AI (TSXV: DM) issued a brief press release this morning, indicating it has secured...

Friday, September 10, 2021, 08:07:27 AM

Datametrex Sees Request To Increase Testing By 300% Due To Surging Cases

Datametrex AI (TSXV: DM) is expected to see its health division grow as a result...

Tuesday, January 11, 2022, 08:39:14 AM