VisualMED signs acquisition agreement with Rennova Health, Inc. to acquire certain medical software and technology assets
RENO, Nev. - May 17, 2021 - PRLog -- VisualMED Clinical Solutions Corp. (The "Company") announces that it has entered into an agreement with Rennova Health. Inc. of West Palm Beach, Florida (OTC RNVA) for the acquisition of Rennova's medical software and genetic testing interpretation divisions, Health Technology Solutions, Inc. (HTS) and Advanced Molecular Services Group, Inc., (AMSG) and their subsidiaries. After closing these entities will operate as wholly owned subsidiaries of VisualMED. Closing is subject to a number of customary conditions for a transaction of this nature and is intended to happen on or before May 31 2021
Rennova has previously disclosed its intention to separate its technology and software divisions. This agreement finalizes these plans and the technology being consolidated with VisualMED continues VisualMED's mission to advance patient care and safety.
VisualMED is in the process of resuming regular reporting and filing on OTC Markets and intends to resume reporting to the SEC.
About VisualMED Clinical Solutions
VisualMED, a clinical information company, owns a portfolio of valuable intellectual property. The company and its partners' university affiliates are world leaders in Artificial Intelligence that helps support the processes for creating applications for home use. Patients will be able to monitor serious health and medical issues, helping to reduce medical errors and negligence that put millions of patients in harm's way every year in North America. For more information about our products please visit www.visualmed.us.
About Rennova Health, Inc.
Rennova operates rural hospitals and a physician's office in Tennessee and a physician's office in Kentucky and provides industry-leading diagnostics and supportive software solutions to healthcare providers. Through an ever-expanding group of strategic brands that work in unison to empower customers, we are creating the next generation of healthcare. For more information, please visit www.rennovahealth.com
VisualMED Clinical Solutions
FORWARD-LOOKING STATEMENTS: Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.