Reliq Health Technologies, Inc. Announces Three New US Contracts and New Sales Partnership
July 13 2022 - 3:01AM
Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or
WKN:A2AJTB) (“
Reliq” or the
“
Company”), a rapidly growing global healthcare
technology company that develops innovative Virtual Care solutions
for the multi-billion dollar Healthcare market, today announced
that it has signed a new sales partnership to access over 500
physicians and more than 100,000 eligible patients in the US
Mountain and Pacific regions. The Company is also pleased to
announce that it has signed new contracts with two physician
practices and a Rural Health Clinic (RHC) to add over 4,000 new
patients in 2022.
“We are pleased to be adding two new physician
practices and a Rural Health Clinic as clients,” said Dr. Lisa
Crossley, CEO at Reliq Health Technologies, Inc. “These three
clients are expected to add over 4,000 patients to our platform in
2022, at an average revenue of $50 per patient per month at 75%
gross margin. We are also very excited to have signed an agreement
with a new sales partner who will give us access to over 500
physicians and more than 100,000 patients with eligible chronic
conditions. This partnership is expected to greatly expand Reliq’s
client base in the US Mountain and Pacific states. The Company
expects to add more than 20,000 patients to the platform over the
next 12 months through this partnership, at an average revenue of
$50 per patient per month (at 75% gross margin). We have already
begun onboarding patients for the first client acquired through
this partnership. As previously disclosed, the Company expects the
second half of 2022 to be a period of rapidly accelerating growth.
Reliq remains on track to have over 100,000 patients on our iUGO
Care platform by December 31, 2022.”
Reliq HealthReliq Health
Technologies is a rapidly growing global healthcare technology
company that specializes in developing innovative Virtual Care
solutions for the multi-billion dollar Healthcare market. Reliq’s
powerful iUGO Care platform supports care coordination and
community-based virtual healthcare. iUGO Care allows complex
patients to receive high quality care at home, improving health
outcomes, enhancing quality of life for patients and families and
reducing the cost of care delivery. iUGO Care provides real-time
access to remote patient monitoring data, allowing for timely
interventions by the care team to prevent costly hospital
readmissions and ER visits. Reliq Health Technologies trades on the
TSX Venture under the symbol RHT, on the OTC as RQHTF and on the
Frankfurt Stock Exchange under the WKN: A2AJTB.
ON BEHALF OF THE BOARD“Dr. Lisa Crossley”CEO and Director
For further information please contact:
Company ContactInvestor Relations at
ir@reliqhealth.com
US Investor Relations ContactInvestor
RelationsLytham Partners, LLCBen ShamsianNew York |
Phoenix646-829-9701shamsian@lythampartners.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward
Looking InformationCertain statements in this press
release constitute forward-looking statements, within the meaning
of applicable securities laws. All statements that are not
historical facts, including without limitation, statements
regarding future estimates, plans, programs, forecasts,
projections, objectives, assumptions, expectations or beliefs of
future performance, are "forward-looking statements".
We caution you that such "forward-looking
statements" involve known and unknown risks and uncertainties that
could cause actual and future events to differ materially from
those anticipated in such statements.
Forward-looking statements include, but are not
limited to, statements with respect to commercial operations,
including technology development, anticipated revenues, projected
size of market, and other information that is based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management.
Reliq Health Technologies Inc. (the
"Company") does not intend and does not assume any
obligation, to update these forward-looking statements except as
required by law. These forward-looking statements involve risks and
uncertainties relating to, among other things, technology
development and marketing activities, the Company's historical
experience with technology development, uninsured risks. Actual
results may differ materially from those expressed or implied by
such forward-looking statements.
SOURCE: Reliq Health Technologies Inc.
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