Datametrex AI (DM.V) signed a binding letter of intent with to acquire telehealth and medical concierge services company, Concierge Medical Consultant, today, according to a press release.
The company has made this acquisition to meet the demand for mental health services facilitated by the pandemic. The company’s management recognizes that telehealth and concierge medical services could easily be part of the solution to this problem.
“We strongly believe that there is a growing need for remote health and wellness solutions as a result of the pandemic. The lockdowns and the isolation that Canadians have endured this past year have only increased the need for mental and physical health solutions. By providing telehealth solutions we are able to keep people out of the already overwhelmed hospital infrastructure while at the same time providing Canadians with professional advice and care that they need and deserve,” said Andrew Ryu, the company’s chairman.
Trading has been flat today for DM, but that hasn’t been the case over the past three months, which have seen the company’s share price rise from October sub ten cent lows to today’s price of $0.19.
Under the LOI, Datametrex will issue $750,000 of common shares to Concierge shareholders, at a share price equal to the closing price of the common shares of Datametrex on the TSX Venture Exchange 72 hours prior to the closing of the transaction, subject to all the usual closing regulations.