- UniDoc Health Corp. (UDOC) has entered into a definitive master equipment deployment and services agreement with Northern Pacific Global Investment Services
- The agreement is for UniDoc to provide telehealth services in Nigeria
- UniDoc has agreed to a master deployment agreement and framework for the leasing of certain telehealth equipment and the licensing of related software
- The agreement provides for an initial minimum of 250,000 patient subscribers and has a value of up to approximately US$22.5 million over the agreement’s five-year term
- UniDoc Health Corp. is a virtual health/telemedicine solutions company
- The shares of UniDoc Health Corp. (UDOC) opened trading today at $1.13
UniDoc Health (UDOC) has signed an equipment deployment and services agreement with Northern Pacific Global Investment Services.
Under the terms of the agreement, UniDoc will provide telehealth services in the Republic of Nigeria.
UniDoc has agreed to a master deployment agreement and framework for the leasing of certain telehealth equipment and the licensing of related software including the Virtual Care Solutions Model (VCSM) kiosks for monthly service fees.
The VCSM is a proprietary customizable and comprehensive telehealth solution that is currently being developed by the company and is being designed to integrate a range of physical products, web-based services, and analytical tools, along with access to the company’s developing network of healthcare providers, pharmacies, and hospitals.
UniDoc and the partner agreed to an initial equipment rollout of VCSM kiosks and minimum subscription model pursuant to the agreement. The partner anticipates these kiosks will be located at locations throughout Nigeria.
The agreement provides for an initial minimum of 250,000 patient subscribers and has a value of up to approximately US$22.5 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 1,000,000 patient subscribers with additional kiosks for a possible value of up to US$90 million over the Agreement’s five-year term.
The company 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 company has also agreed to provide to the partner on-site training, follow-up training, troubleshooting, and certain maintenance services and supplies including hardware support, software updates, data analysis (upon request), and annual on-site testing and maintenance.
The agreement is for an initial period of five years and automatically renews for an additional five years unless terminated upon written notice by either of the parties.
“We are excited to work with our Partner to bring our Virtual Care Solutions Model to the people of Nigeria,” said UniDoc CEO Antonio Baldassare.
“Our kiosks will help to allow our partner’s network of health care professionals reach patients in remote locations throughout the country,” he added.
UniDoc is developing a telehealth solution which is being designed as a self-contained remote virtual clinic within a private kiosk for patients to undergo full consultations as if they were present in a physician’s office.
The shares of UniDoc Health Corp. (UDOC) opened trading today at $1.13.
