Benzinga | May 28, 2021 05:01PM EDT

Medivolve Closes Acquisition of Industry-Leading Electronic Health Platform as Next Step in Transforming Human Health Management Across the United States

Medivolve Inc. ("Medivolve") ((NEO:MEDV, OTC:COPRF, FRA:4NC)) a healthcare company that seeks out disruptive technologies, ground-breaking innovations and exclusive partnerships to transform human health management, today announced that it has signed the definitive agreement and closed the transaction to acquire a 100% interest in the Electronic Health Record application and all associated intellectual property and technology (the "App") from Myosin.

The electronic health record platform is designed to improve patient care and increase collaboration with clinicians through an efficient, cloud-based system. The app streamlines patient intake forms and delivers medical reports through personalized patient portals. Clinical staff members are empowered with a platform to consolidate provider and staff responsibilities to organize patient information before, during, and after interactions. The cloud-based infrastructure eliminates the need for software downloads and specialized hardware, making it easily deployable. Clinical workflows are streamlined in the company's system to minimize the time required to submit orders, share results, and access reports.

"As previously noted, the implementation of this health platform is a major component of Medivolve's evolution from a COVID-19 testing company to a health technology and services company that aims to disrupt the American healthcare system for the long-term," said David Preiner, CEO, Medivolve. "With the platform now being utilized by our team, we are seeing a streamlining of our current testing services, allowing us to more rapidly grow our business in a more cost-effective manner. In addition, we are receiving positive feedback from customers, wherein they appreciate the improved user interface. Looking forward, we are starting to implement plans to extend this platform far beyond COVID-19 testing, as we expand on its benefits to provide personalized and effective health services to patients in a multitude of use-cases."