- UniDoc Health Corp. (UDOC) has signed an agreement with Claron Health to provide telehealth services in Kenya
- UniDoc agreed to a master deployment agreement and framework for the leasing of certain telehealth equipment and related software to Claron for monthly service fees
- The agreement has a value of up to approximately US$120 million
- UniDoc Health Corp. is a virtual health/telemedicine solutions company
- Claron Health International is a leading international provider of medical, occupational health, safety, and environment services
- UniDoc Health Corp. opened trading at C$0.91 per share
UniDoc Health (UDOC) has signed a master equipment deployment and services agreement with Claron Health to provide telehealth services in Kenya.
UniDoc has agreed to a master deployment agreement and framework for leasing certain telehealth equipment. The agreement also includes software licensing, including the Virtual Care Solutions Model (VCSM) kiosks, to Claron for monthly service fees.
The VCSM is a proprietary customizable telehealth solution the company is developing. It is designed to integrate a range of physical products, web-based services, analytical tools, and access to the company’s growing network of healthcare providers, pharmacies, and hospitals.
UniDoc and the partner agreed to an initial equipment rollout of VCSM kiosks and minimum subscription model in line with the agreement.
The agreement provides an initial minimum of 1,000,000 patient subscribers within 12 months from the date of kiosk installation. It has a value of approximately US$120 million over the agreement’s five-year term based on the initial quantity of kiosks.
The agreement also provides for a ramp-up to service for additional patient subscribers.
UniDoc also agreed to provide certain data management and telecommunications services to be used by the partner to provide in-suite telehealth and related services in its designated facilities. The agreement is for an initial five-year term and automatically renews for another five years unless terminated upon written notice by either of the parties.
“We are excited to work with Claron to bring our Virtual Care Solutions Model to the people of Kenya,” said UniDoc CEO Antonio Baldassare.
“Our kiosks will help to allow our Partner’s network of health care professionals connect with patients throughout the country,” he added.
UniDoc Health Corp. is a virtual health/telemedicine solutions company.
Claron Health International is a leading international provider of medical, occupational health, safety, and environment services.
UniDoc Health Corp. opened trading at C$0.91 per share.
