TSXV:CDX.H - Post by User
Post by
Betteryear2on May 21, 2024 10:36am
106 Views
Post# 36049872
CLOUD DX Update re: $9.4 Million Contract
CLOUD DX Update re: $9.4 Million Contract On May 17, 2024 the British Columbia Provincial Health Services Authority (BC-PHSA) Posted the Contract Award Notice Valued at $9.4 million CAD.
News in Summary
- After a successful competitive RFP process, on April 23, 2024 the Company executed a Province-wide contract for Remote Patient Monitoring (RPM) products and services. The Company announced the execution of the contract on May 7, 2024.
- The contract has a term of 36 months with 2 extensions of 12 months each. The average contract value of each individual subscription is expected to be approximately $1,520 CAD per year which covers the cost of the Connected Health Kit prescribed to patients, software and connectivity.
- Subsequently the BC-PHSA has posted the award of the contract at BCBid.gov.ca, with a value of $9,412,277.06.
- So far in 2024 Cloud DX has announced 26 new contracts with hospitals, paramedic services, US clinics and 2 Canadian Provinces with a total value of $14.6 million CAD indicating an inflection point in the company's growth.
KITCHENER, ON / ACCESSWIRE / May 21, 2024 / Cloud DX (TSXV:CDX)(OTCQB:CDXFF), a leading North American provider of virtual care and remote patient monitoring platforms is pleased to update investors regarding the terms of the Remote Patient Monitoring Agreement for Cloud DX RPM Services with a British Columbia Provincial Health Services Authority, initially announced on May 7, 2024.
CLOUD DX Update re: $9.4 Million Contract with British Columbia Provincial Health Services Authority (accesswire.com)