Beyond Medical to acquire Telehealth company Kayan Health
Following completion of the Transaction, Kayan Health will become a wholly-owned subsidiary of the Company.
VANCOUVER — Beyond Medical Technologies, announces that it has entered into a letter of intent with Kayan Health Limited which sets out the basic terms and conditions for the acquisition by the Company of all the issued and outstanding securities of Kayan Health in exchange for securities of the Company. Following completion of the Transaction, Kayan Health will become a wholly-owned subsidiary of the Company.
“The name Beyond Medical reflects the transformation in the Company’s strategic focus that took place in the past year to combat COVID-19 by manufacturing and distributing medical grade personal protective equipment,” said Kal Malhi, Chairman of Beyond Medical. “The new corporate name reflects the Company’s core business and enables future brands to integrate into one corporate identity. Kayan Health has demonstrated a unique telehealth platform that delivers critical solutions to the medical industry. This acquisition will allow Beyond Medical to leverage its capabilities to deliver a one-stop solution to the medical industry with software and medical grade PPE.”
“We believe that healthcare is a relationship business, any focus to build an ecosystem that frees the medical specialists and the patients/people from the current limitations and barriers that come with the existing healthcare systems is the future of healthcare and is a great investment opportunity” said Ahmad Al-Hidiq, CEO of Kayan Health. “Our partnership and union with Beyond Medical will allow us to access all the resources needed to fully invest into our suite of digital healthcare products towards the common goal – the democratization of healthcare.”