RSH - media / research, page-30

from today's announcement


Remote Patient Monitoring patient acquisition with existing clients and finalising and preparing for anticipated significant contracted clients which the company hopes to announce in the coming months.


Incoming new shareholder, Mr Ian Parkin, founding partner of Australian employee off-shoring organisation Yempo, who has partnered with Respiri in setting up and administrating the successful Digital Innovation Excellence Hub in the Philippines, said, “Yempo has partnered closely with Respiri over the last two years, supporting the team as they built out their Tier 1 engineering capability in the Philippines. Throughout this, I've been impressed with Respiri’s drive to solve business challenges without compromising capability or quality. More recently, the acquisition of Access Telehealth and Respiri's US go-to-market strategy has shown great innovation regarding accessing opportunities in the US market. These are exciting times for Respiri, and it's fantastic that we can further support them in these endeavours through investment”. Nicholas Smedley, Respiri Chairman, said, “An overwhelming show of support for what the Respiri Team is achieving and what it plans to deliver from both new and existing investors. This placement further underlines the market endorsement of the Company’s strategy to drive recurring revenue from the attractive US remote patient monitoring market. Also, it allows the Company to remove the convertible note from our balance sheet, simplifying our capital structure, which is what our shareholders and the market wanted.” “Now we continue to do what we have done, deliver RPM patient numbers on existing contracts and secure significant new clients. The future looks very promising for us and our shareholders”