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CloudMD to Acquire Snapclarity Inc., an Enterprise Mental Health Platform, Expanding Telehealth Offering to Include Mental Wellness

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4 years ago

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A silent mental health crisis existed before the COVID-19 pandemic and has now been brought to the forefront as a crisis on its own.
COVID 19 has created a global focus on mental and physical health.Snapclarity is a revolutionary digital mental health platform built on a multi-disciplinary, evidence based and outcome driven approach to wellbeing. The Snapclarity team has deep and extensive experience in mental health and the enterprise products market.CloudMD’s acquisition of Snapclarity supports two key objectives: 1) Strengthens CloudMD’s suite of virtual care solutions with the addition of a proven mental wellness solution and 2) Provides a direct and existing pathway into offering the suite of solutions to enterprise clients, including large insurers and employers, across Canada.VANCOUVER, British Columbia, July 16, 2020 (GLOBE NEWSWIRE) — CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), a telehealth company seeking to revolutionize the delivery of healthcare to patients, is pleased to announce that it has signed a binding term sheet (“Term Sheet”) to acquire 100% of Snapclarity Inc. (“Snapclarity”). Snapclarity is a mental healthcare pioneer. Their on demand digital platform provides an assessment for an individual’s personal risk of mental health disorders resulting in a personalized care plan, access to online resources, a clinical health care team and the ability to match to the right therapists. Snapclarity’s product offering is a connected, collaborative model that leaves individuals feeling empowered, motivated and supported throughout their entire treatment journey. “The COVID-19 pandemic is the most serious public health emergency of our lifetime and it has further deepened the mental health crisis we were already facing,” said Dr. Essam Hamza, CEO of CloudMD. “Recent data tells us that over 56% of Canadians said the pandemic is having a negative impact on their mental health, with social isolation being the top contributing factor. This acquisition of Snapclarity is a transformational addition to CloudMD as we continue to strengthen our suite of virtual care solutions and make it easier for Canadians to get help from home. As a primary care physician for the past 20 years the importance of providing a viable tool for the mental health crisis is a deeply personal motivation for me.”Snapclarity’s solution is utilized by employers, individuals, therapists and insurers. The Snapclarity platform offers a continuity of care program that effectively blends the supported intervention with technology and human touch that meets the needs of mild, moderate and chronic mental health issues. This is accomplished through a suite of digital tools that are designed by clinicians and grounded in evidence-based practices that are proven to positively impact outcomes.CloudMD’s acquisition of Snapclarity will create the first and only Canadian telemedicine company that provides a top-tier digital primary care solution integrated with a clinically proven digital mental health care plan. The combination of these two facets of healthcare addresses an emergent market demand from direct conversations, market intelligence with enterprise clients, insurers, governments and other payors. Just like the pandemic has further presented the world with the urgent need to integrate physical and mental health management, CloudMD now has an integrated solution to match that need.Healthcare can no longer be a siloed approach to mental and physical health but rather a recognition of the influence one has on the other. To date, employees have been put in the position of choosing a benefit program that only partially addresses their health issues. The combined forces of CloudMD and Snapclarity changes the landscape where employers can offer one solution that addresses the health needs of their workforce and eliminates the need of multiple vendors.“The combination of our health solutions will be game changing for care. The disruptive potential of our technology integrated with CloudMD will accelerate adoption of holistic care plans,” notes Jeff Deriger, President of Snapclarity. “Managing return to work with consideration of mental and physical wellbeing is critical. Employers no longer have the luxury of offering a marketplace of options, nor can they carry the burden of related expenses. A combined CloudMD and Snapclarity will remove barriers to access while providing the market with hyper personalized, integrated mental and physical health care plans. Individuals and corporations are demanding a holistic continuum of care. We look forward to introducing a continuity of care in managing health utilizing a pioneered approach in supporting an individual’s wellbeing.”Total consideration payable by the Company in connection with the acquisition is $3.35M, subject to certain holdbacks, payable as up to C$975,000 in cash and up to C$2,375,000 in shares of the Company (the “Purchase Price”) to be issued at $0.70 per share. All shares issued pursuant to the acquisition are subject to a two (2) year release. Additionally, subject to the achievement of certain performance conditions in 2021 and 2022, Snapclarity may earn an additional $3.65M in equity-based consideration. The acquisition is subject to customary closing conditions, including the execution of a definitive acquisition agreement and receipt of TSX Venture exchange approval. The Company anticipates a definitive agreement on or before August 14, 2020.About CloudMD Software & ServicesCloudMD is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The Company offers SAAS based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). CloudMD currently provides service to a combined ecosystem of 376 clinics, over 3000 licensed practitioners and almost 3 million patient charts across its servers.ON BEHALF OF THE BOARD OF DIRECTORS“Dr. Essam Hamza, MD”
Chief Executive OfficerFOR ADDITIONAL INFORMATION CONTACT:CloudMD Software & Services Inc.
investors.cloudmd.ca
Email: [email protected]Forward Looking StatementsThis news release contains forward-looking statements that are based on CloudMD’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business plans and its intended use of the proceeds of the Offering. Although CloudMD believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and CloudMD undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. 

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Discovery launches documentary series Being Digi-Sapiens exploring the changing relationship between humans and technology

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25 mins ago

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July 5, 2024

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Travelling across Europe, the series reveals the personal, societal and environmental benefits of digitalization
DÜSSELDORF, Germany, July 5, 2024 /PRNewswire/ — The first episode of the three-part documentary series “Being Digi-Sapiens” was released today by Warner Bros. Discovery. It features the Swedish inventor, roboticist and YouTuber Simone Giertz as she travels across Europe to see how technology is transforming our daily lives. The series was made with support from Huawei and features a broad range of digital innovations, reaching far beyond the brand’s own products.

The first episode, “Connecting with Ourselves” explores digital technology’s impact on our homes, health and hospitals. After kicking things off in a tech-enhanced fiber-connected home in Bonn, claiming to have one of the “fastest internet connections in Germany”, Simone heads to a state-of-the-art sports and health lab to see first-hand how both professional and amateur athletes are benefiting from cutting-edge data collection. Finally, Simone visits Barcelona’s historical Hospital de la Santa Creu I Sant Pau to get a crash course in how the latest technologies are being harnessed to help patients more effectively.
Warner Bros. Discovery Greater China and South East Asia’s Vice President and Head of Content & Products, Vikram Channa, said “The idea of becoming ‘Digi-Sapiens’ represents the next step in our evolution, where digital technology enhances our natural abilities and expands what we can achieve. The documentary aims to inspire viewers to see the potential in embracing technology thoughtfully and creatively. It’s about highlighting how technology can improve our lives, solve real-world problems, and open up new opportunities.”
In the coming two episodes, Simone will crisscross more European countries to discover how technology is helping us connect with our communities and our environment. 
Smart home in Bonn, GermanyHuawei’s Fiber-to-The-Room (FTTR) Demo House in Bonn allows visitors to experience what life feels like in a world where networks respond at light speed at all times, no matter how much data is being transmitted or where in a building we stand. Simone uses the opportunity to set up an array of video calls with herself.  But her experiment is suddenly interrupted by a digital poltergeist…
Wearable health and fitness tech, in Helsinki, FinlandElite athletes rely heavily on technology to precisely measure and optimize their performance. The results are improved strides and endurance for runners, more efficient swimming strokes, and more balanced weight bearing on both legs while skiing. But it’s not only top athletes who can benefit. At Huawei’s state-of-the-art lab in Helsinki, Simone discovers that her biological age, according to wearable data, is younger than her age in calendar years.  She also tries out running at full speed on a treadmill to find out her lungs’ maximum capacity.
Sant Pau Hospital in Barcelona, SpainSant Pau may be old, but it’s certainly not obsolete. The latest technologies implemented by the hospital help improve treatment for patients. As Simone tours Sant Pau’s Dimension Lab to discover VR applications in medicine, a doctor hands her an exact replica of a human heart made on a 3D printer.  Simone had no idea it was so big…
Since 2020, Huawei has been Sant Pau’s leading strategic partner in state-of-the-art storage systems. Huawei supplied Sant Pau with an all-flash storage solution providing medical staff near-instant access to patient data when needed. The solution features the latest backup, recovery, and anti-ransomware technologies ensuring the highest levels of patient data protection.
To watch the documentary, please visit:UK: https://www.youtube.com/watch?v=fY-BMMmEgBQ&t=15shttps://www.discoveryuk.com/being-digi-sapiens-a-discovery-x-huawei-partnership/Spain: https://www.youtube.com/watch?v=_dwP7mPO5eU&t=18s Italy: https://www.youtube.com/watch?v=8eTbOKiVaYY&t=17s Germany: https://www.youtube.com/watch?v=KIm1Hqx_eK4  France: https://www.youtube.com/watch?v=DGiDZuxr9EM&t=9s 
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BIZCLIK MEDIA LAUNCHES JULY EDITIONS OF TECHNOLOGY, MOBILE AND AI MAGAZINES

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2 hours ago

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July 5, 2024

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The July editions of Technology, Mobile and AI Magazines include interviews with leading experts and executives from Google Cloud, Virgin Media O2, Genpact and more!
LONDON, July 5, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has published the latest editions of Technology, Mobile and AI Magazines. These publications are highly regarded within the technology and telecommunication sectors for their in-depth reports and interviews with prominent figures in the respective industries.

Technology MagazineThis month’s edition features an exclusive lead interview with Helen Kelisky, Managing Director at Google Cloud UK & Ireland on her perspectives as a female tech leader and the future of cloud and AI.
“Teams become stronger by not only recruiting diverse talent but in challenging the limitations of the team and playing to their unique set of strengths”
The edition also contains extensive interviews with key thought leaders from Genpact, Trane and more, along with the Top 10: Technology Consultants
Mobile MagazineThis month’s edition features an extensive lead interview with Julian Davidge, Director of Technology, Service & Operations at Virgin Media O2 on technological innovation at the telco giant.
“Technology is moving faster and faster as the desire to do something different increases”
The edition also contains extensive interviews with key thought leaders from Schneider Electric, Extreme Networks, AT&T and more. Plus the Top 10 5G Leaders
AI MagazineThis month’s edition features an extensive lead interview with Shibu Nambiar, Global High Tech Business Leader at Genpact, on how AI is transforming operations.
“Ensuring the human element remains central to any kind AI initiative is something I think about every single day”
The edition also contains extensive interviews with key thought leaders from Trane, Roy Hill and more, along with the Top 10: Consulting Companies
You can visit Technology Magazine, Mobile Magazine and AI Magazine for daily news and analysis of the ever-changing technology industry.
About BizClikBizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.
BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.
For more information, please visit https://www.bizclikmedia.com/ 

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ESG Book appoints Justin Fitzpatrick as new CEO

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4 hours ago

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July 5, 2024

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Fitzpatrick will drive the next phase of ESG Book’s growth as a global leader in sustainability data and technology.
An experienced leader of investor-backed software companies, Fitzpatrick was previously Co-founder of FullCircl, a software provider to over 700 clients and 15,000 end users in regulated industries.ESG Book offers a wide range of sustainability-related data and technology solutions that are used by many of the world’s largest financial institutions.With 200,000 disclosures, ESG Book’s platform provides data and analytics on public securities and the ability to directly request ESG disclosures from private companies.Fitzpatrick’s appointment comes as market demand for ESG and climate data solutions continues to grow, driven by increasing regulation and disclosure requirements worldwide.  LONDON, July 5, 2024 /PRNewswire/ — ESG Book, a global leader in sustainability data and technology, today announced the appointment of Justin Fitzpatrick as the company’s new CEO with immediate effect. He will lead the next phase of ESG Book’s growth, and drive the firm’s market differentiation through next-generation sustainability solutions.

 
 
A highly experienced leader of investor-backed software companies, Fitzpatrick was previously the Co-founder and COO of FullCircl, a software provider to more than 700 clients and 15,000 end users in regulated industries. Prior to that, he was the Co-founder and CEO of DueDil, an award-winning regtech solution, and Co-founder and Non-Executive Director of Innovate Finance, an industry association that has been at the forefront of establishing the UK as a global fintech hub.
ESG Book offers a wide range of sustainability related data and technology solutions that are used by many of the world’s largest financial institutions, consultants, and corporates.
Combining market-leading sustainability and climate data with a SaaS-based platform that provides access to approximately 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based technology offers best-in-class ESG performance management, peer benchmarking, and regulatory compliance solutions.
Fitzpatrick’s appointment as ESG Book’s new CEO comes as market demand for high-quality ESG and climate data products continues to grow, driven by fast-increasing sustainability regulation and disclosure requirements worldwide.  
Nazo Moosa, Advisory Board Member at ESG Book, said: “I am delighted to welcome Justin as ESG Book’s new Chief Executive. He is the ideal candidate to lead the company into a new, successful chapter at a time of a disruptive innovation cycle in sustainable finance. With his deep expertise in scaling and accelerating growth in investor-backed software companies, Justin has the track record to drive ESG Book’s global expansion and deliver its future success as a leader in sustainability data and technology.”
Justin Fitzpatrick, CEO of ESG Book, said: “I am excited to join ESG Book and lead the company into a new phase of growth. This is a business extremely well positioned to meet the fast-growing need for sustainability solutions across capital markets.”
“I look forward to working with the ESG Book team as we continue to expand our partnerships with financial institutions, reduce the friction for corporates in meeting ESG disclosure requirements, and deliver market-leading analytics and tools to help our clients achieve their sustainability goals.”
About ESG Book
ESG Book is a global leader in sustainability data and technology. Combining market-leading sustainability and climate data with an ESG disclosure platform that provides access to almost 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based sustainability dashboard is used by the world’s largest companies and consultants for ESG performance management, peer benchmarking, and regulatory compliance.
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