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Think Research Corporation V.THNK

Think Research Corporation is a Canada-based company that offers digital health software solutions. It is a provider of cloud-based data, knowledge, and software solutions primarily delivered as software-as-a-service (SaaS) to healthcare delivery systems and the practitioners that they support. Its operations are organized into three lines of business: Software and Data Solutions, Clinical Research, and Clinical Services. Its SaaS solutions help patients find, navigate, and connect to health services across large governments and payer clients, while also ensuring safety for prescribed medications at pharmacies. Through its wholly owned subsidiary, BioPharma Services Inc., the Company provides research data and analysis derived from Phase I clinical trials, bioequivalence studies and bioanalytical services. Its clinics act as a test bed for its software and technology, transforming them with digital solutions that optimize clinical outcomes, streamline workflows, and optimize billing.


TSXV:THNK - Post by User

Post by Hamburgler48on Feb 01, 2024 2:23pm
110 Views
Post# 35857700

Healthcare Plus is Closing it Doors

Healthcare Plus is Closing it DoorsI noticed today that there is no longer any reference to Healthcare Plus on THNK's website. I went to Healthcare Plus's website to see if they still describe themselves as a subsidary of THNK, and was suprirsied to find a message stating that Healthcare Plus medical clinic & pharmacy will be closing effecitve Feburary 15th, 2024. 

The acquisition of Healthcare Plus was completed by THNK in December 2020 concurrently with their RTO, and since that time there was a 2021 announcement that an additional clinic would be opened (at 600 The East Mall in Etobicoke...a clinic that no longer seems to exist). 

Has THNK mentioned somewhere that they are winding down the Healthcare Plus business? It seems like a good move (I never understood why there were in the business of owning a small primary care clinic), but I'm wondering if this should have been disclosed as a material change?


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