Leveljump Healthcare (TSXV: JUMP) this morning announced that it has secured new contracts with a network of hospitals. While hard figures were not provided by the company, its expected that the additional contracts are to grow the firms gross revenues by anywhere from 7% to 11%.
The new contracts come from a network of new hospitals, said to be located in Southern Ontario. Services provided by the company are said to primarily be for emergency overnight services, with a focus on patients that are in need of CAT scans as well as other medical imaging.
Onboarding has begun with the network already, with services slated to begin in the current quarter. IT integration and radiologist credentialing has begun as well, with the company hiring additional radiologists to accommodate the increased workload.
“This contract will increase our client base, which will significantly increase our revenues and cash flow. Moving forward, we intend to continue growing our brand in order to establish ourselves as a leader in the teleradiology space in Canada.”
Mitch Geisler, CEO of Leveljump Healthcare
Leveljump Healthcare last traded at $0.41 on the TSX Venture.
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