Viemed rises on investment in health platform ModoHealth

Viemed Healthcare

12/01/2023 18:21

** U.S.-listed shares of home medical equipment supplier
Viemed Healthcare Inc  VMD.O  rise 6.6%, hitting near 2-year
high at ~$8
    ** Co reports a strategic investment in population health
platform ModoHealth 
    ** In exchange for its $2 mln cash investment, VMD received
an 18-month secured convertible promissory note from ModoHealth 
    ** ModoHealth is value-based care and patient management
platform connecting payors, patients, post-acute providers - Co 
    ** ModoHealth expects to utilize the investment proceeds in
its software platform to improve patient outcomes through
enhanced patient engagement
    ** In 2022, VMD was up 44.8% 
 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))