MedBright AI Announces Strategic Acquisition by Numinus Wellness
MEDBRIGHT AI INVTS INC (MBAIF)
Company Research
Source: GlobeNewswire
Plans name change to “Numinus Intelligence” leveraging its current revenue generating operations to AI-enable mental health clinics across the US The strategic combination merges MedBright’s AI-enabled clinical solution capabilities with Numinus’ deep data and vast experience with drug-assisted mental health treatment to improve clinical operations and capitalize on reimbursable offeringsLeaders from MedBright AI team with extensive experience in US healthcare clinic operations and ownership plan to join the management team and Board upon the completion of the transactionAs result of the combination, the balance sheet strengthens with cash and liquid securities in excess of $5M; The operational team continues to reduce overhead and is embarking on a revenue improvement plan for the Utah clinics.The proposed transaction comes as Numinus reorganizes its operations with a near-term strategic plan towards generating positive EBITDA VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEW
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