The digital health market could exceed $746 billion over the next six years, according to UnivDatos Market Insights. “Growing number of smartphone users across the globe, rapidly growing healthcare IT infrastructure, growing awareness about the importance of health and fitness among the population, increasing use of health and medical apps to maintain fitness are some of the major factors driving the market growth. Moreover, growing geriatric population, rising healthcare expenditure, and increasing prevalence of diseases,” they added. In addition, analysts at Transparency Market Research say, “The world digital health market has been prophesied to gain a strong impetus due to the surging adoption of IT in the healthcare industry and growing count of government initiatives in favor of healthcare providers and also patients.”
All could be beneficial for companies such as AI/ML Innovations (CSE:AIML)(OTC:AIMLF), WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF), Relay Medical Corp. (CSE:RELA) (OTC:RYMDF), CloudMD Software & Services Inc. (TSXV:DOC)(OTC:DOCRF), and Teladoc Health Inc. (NYSE:TDOC).
AI/ML Innovations Inc. Just Announced DTC Eligibility
AI/ML Innovations’ (CSE:AIML)(OTCQB:AIMLF), a company committed to acquiring and advancing Artificial Intelligence/Machine Learning technologies that address urgent societal needs, is pleased to report that it has received confirmation from the Depository Trust Company that AIML’s common shares are now eligible for electronic clearing and settlement through DTC in the United States.
DTC is a subsidiary of The Depository Trust & Clearing Corporation, a United States company that manages the electronic clearing and settlement of publicly-traded companies. The shares of the Company, trading under the symbol "AIMLF" in the United States, are now eligible to be electronically cleared and settled through the DTC and are therefore considered "DTC eligible". This electronic method of clearing securities accelerates the settlement process for investors and brokers, enabling a security to be traded over a much wider selection of brokerage firms.
Tim Daniels, Chairman of AIML, said, “We are pleased to be DTC eligible, which is an important step toward increasing liquidity in our stock and building a strong presence for our company within the U.S. capital markets.”
AIML continues to explore options to enhance liquidity and access for global investors interested in investing in the Company, including potential up-listings or cross-listings to US or international exchanges and/or up-listing to senior exchanges in Canada.
Investors and media are encouraged to visit AIML's website at https://aiml-innovations.com/ to learn and access more information about the Company, as well as request email notifications for future news, events, and updates.
Other related developments from around the markets include:
WELL Health Technologies Corp., a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, announced the recent appointment of Jamil Nathoo as WELL’s Senior Vice President of Capital Markets. Previously Jamil has spent the last six years at Goldman Sachs as a Managing Director responsible for structured debt distribution. Jamil joined Goldman Sachs in 2015 as Vice President in the investment banking division and named Managing Director in 2019.
Relay Medical Corp. shared a recording of the recent “State of Cybersecurity Industry” webinar featuring key panelists Chuck Brooks, Chris Blask and Cybeats Co-Founder Dmitry Raidman. The webinar is the first of many for Relay, the panelists came together to discuss key cybersecurity issues and the recent Executive Order on Improving Cybersecurity in the United States by the Biden Administration. The recording can be found on the Company's Youtube channel, here: https://youtu.be/0EWRvcYhaek
CloudMD Software & Services Inc.,a healthcare technology company revolutionizing the delivery of care, is pleased to announce that it has closed the previously announced acquisition of Oncidium Inc., one of Canada’s leading healthcare providers to employers. Oncidium has built a difficult-to-replicate ecosystem of over 500 clients servicing more than 2 million employees across Canada and more than 2,000 health care providers and medical assessors.
Teladoc Health Inc. announced the launch of myStrength Complete, an integrated mental health service providing personalized, targeted care to consumers in a single, comprehensive experience. The announcement comes as more than half of people with mental health concerns report that they do not know where to start when getting care, highlighting the importance of the digital front door myStrength Complete will provide.
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