Ann: Broward Health signs 2 year agreement for rollout HeraCARE, page-2

It's a god start from Broward, see what the market says..

TCG


Broward Health in Florida signs a two-year agreement for a controlled rollout of HeraCARE

● Broward Health is one of the 10 largest public healthcare systems in the US and includes five hospitals, across more than 50 locations and offices, and a team of over 1,800 nationally recognised doctors;

● Broward Health has signed a two-year agreement for adoption of the HeraCARE platform, beginning with 700 HeraCARE licenses and 200 bundles of hardware (including HeraBEAT devices), representing the largest deployment in USA to date;

● Broward Health will pay HeraMED US$99,600 up front for 200 bundles (each bundle to include a HeraBEAT, Blood Pressure Cuff, Bluetooth Scales, and a co-branded Diaper bags);

● Broward Health will also pay US$100,400 in advance in each of the next two years, for up to 700 active licenses;

● There is an option for Broward to purchase another 200 bundles for US$99,600 at any point during the two years; and

● If Broward exercise this option, then the total consideration would be approximately US$400,000 over the two years representing.