Saturday, 1 April 2023

Business News

Cosmos Health to acquire ZipDoctor, terms not disclosed – TipRanks Financial Blog

Unity Biotechnology reports Q3 EPS ($1.36), consensus ($1.65)

Cosmos Health announced that it has entered into a definitive agreement to acquire ZipDoctor Inc. from American International Holdings Corp for an undisclosed sum. The Sale and Purchase Agreement was signed on March 17, 2023, and the transaction is expected to close on April 3, 2023. ZipDoctor Inc., a wholly owned subsidiary of American International Holdings Corp., is a direct-to-consumer subscription-based telemedicine platform. Greg Siokas, Chief Executive Officer of Cosmos Health stated: “We are extremely pleased to announce that we have completed the next step by signing the SPA. The closing date has been scheduled for April 3, 2023, and we eagerly anticipate welcoming ZipDoctor to the Cosmos Health family of companies. We would like to thank Jacob Cohen for his cooperation and assistance in closing this transaction. The telehealth industry is set for strong growth, and we believe that ZipDoctor, with the proper investment from Cosmos Health, can become a significant player in the space. Furthermore, we intend to expand on ZipDoctor’s current primary care and mental health service offerings to include the ability to speak to a doctor to seek additional medical treatments related to and including men’s and women’s health and wellness issues, weight loss and other similar treatments.”

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on COSM:

Click Here to Read the Full Original Article at TipRanks Financial Blog…